This article has a twofold purpose: (1) to investigate the means by which the market mechanism allocates land use; and (2) to present the evaluate specific arguments most often used to support federal and state "collectivization" of land use through regulation. The investigation reveals the basic fact that the market mechanism is disparaged and discounted too frequently as an effective engine for producing optimal land utilization. This paper argues that it would be a serious mistake to subject the allocation of land use to the caprice of governmental direction when a more efficient alternative - the market - is available. The argument proceeds as follows: first, a brief discussion of the rationales of present and proposed land-use restrictions and regulations; next, consideration of the market alternative; and, finally, an assessment of land-use planning.

  • Corporate Authors:

    American Institute of Real Estate Appraisers

    155 East Superior Street
    Chicago, IL  United States  60611
  • Authors:
    • Gramm, W P
    • Ekelund Jr, R B
  • Publication Date: 1975-10

Media Info

Subject/Index Terms

Filing Info

  • Accession Number: 00127824
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Dec 16 1976 12:00AM