CEP News: Financial Times: Target the planning laws not the one per cent

Financial Times:
Target the planning laws not the one per cent

16 July 2014

Only 10 per cent of the value of land in expensive cities is due to its natural scarcity. The rest is planning restrictions. Paul Cheshire and Christian Hilber at the London School of Economics applied the same trick to British and European offices in 2006, with terrifying results.

This article was published by the Financial Times on July 16, 2014
Link to article here

Related publications
The cost of regulatory constraints on the British office market, Christian A. L. Hilber and Paul Cheshire. Report for the H.M. Treasury in preparation of ‘Barker Review 2’, (2006) H.M. Treasury, London, UK.
Office Space Supply Restrictions in Britain: The Political Economy of Market Revenge, Paul Cheshire and Christian A. L. Hilber, The Economic Journal, 118 (June, 2008).

Related links
Paul Cheshire webpage
Christian Hilber webpage
SERC website

Financial Times:Target the planning laws not the one per cent

Financial Times:
Target the planning laws not the one per cent