Speculation and Monopoly in Urban Development: Analytical foundations with evidence for Toronto

by James R. Markusen and David T. Scheffman

The recent rapid rise in land and housing prices in Canadian cities has generated much public concern. It is widely supposed that prices have been inflated by monopolistic developers, an assumption that has never been adequately tested. This study evolves a model of the land development process which includes a new theory of land pricing giving special emphases to market structure, speculation, and taxation. It then applies the model to the first...

• Format: Paperback
• Language: English
• ISBN: 0802033482
• ISBN13: 9780802033482
• Release Date: December 1977
• Publisher: University of Toronto Press
• Length: 176 Pages
• Weight: 0.61 lbs.
• Dimensions: 0.4" x 6.1" x 9.2"
• Grade Range: Postsecondary and higher