ePrints

An analysis of minimum frontage zoning to preserve lakefront amenities

Lookup NU author(s): Dr Fiorenza Spalatro

Downloads

Full text for this publication is not currently held within this repository. Alternative links are provided below where available.

Abstract

The development of lakefront property in northern Wisconsin has prompted, in several towns, minimum frontage zoning stricter than the state standard. Such zoning generates an economic loss by constraining development (development effect), and an economic gain by preserving environmental amenities (amenity effect). Estimation of a hedonic price function for lake-front property in northern Wisconsin quantifies these competing effects. The estimation indicates that at the current margin the economic loss from the development effect is negligible, and the economic gain from the amenity effect may be considerable, raising frontage prices by an average of 21.5% (JEL Q25, R52).

Publication metadata

Author(s): Spalatro F, Provencher B

Publication type: Article

Publication status: Published

Journal: Land Economics

Year: 2001

Volume: 77

Issue: 4

Pages: 469-481

Print publication date: 01/01/2001

ISSN (print): 0023-7639

ISSN (electronic): 1543-8325

Publisher: University of Wisconsin Press

URL: http://dx.doi.org/10.2307/3146934

DOI: 10.2307/3146934

Altmetrics

Share