Abstract
This paper analyzes the efficiency and equity impacts of spatial policies such as greenbelt and zoning (physical regulation) and congestion tolls and fuel tax (economic measures) in a spatial equilibrium model that contains transportation externalities. The study shows that economic policy instruments could outperform physical regulation in both equity and efficiency when the Pigouvian taxes collected are used in manner equally benefiting the rich and the poor. In addition, physical regulation tends to improve the welfare of the rich of the poor because the regulation could sharply increase the living cost of the poor while the higher rents mostly benefit the rich class of landowners.
| Translated title of the contribution | Efficiency and Equity of Anti-Sprawl Policies |
|---|---|
| Original language | Korean |
| Pages (from-to) | 291-308 |
| Number of pages | 18 |
| Journal | 한국행정학보 |
| Volume | 44 |
| Issue number | 3 |
| State | Published - Sep 2010 |