Chron:
The Economist tallies the cost of excessive land-use regulation
22 June 2015
Similar work by Paul Cheshire and Christian Hilber, of the London School of Economics, estimated that in the early 2000s this regulatory shadow tax was roughly 300% in Milan and Paris, 450% in the City of London, and 800% in its West End. The lion's share of the value of commercial real estate in Europe's most economically important cities is thus attributable to rules that make building difficult.
This article was published in the blog Chron on June 22, 2015
Link to article here
Related publications
Land use planning: the impact on retail productivity, Paul Cheshire, Christian Hilber and Ioannis Kaplanis. Article in CentrePiece Volume 16, Issue 1, Summer 2011
'Evaluating the Effects of Planning Policies on the Retail Sector: Or do Town Centre First Policies Deliver the Goods?', Paul Cheshire, Christian Hilber and Ioannis Kaplanis, Spatial Economics Research Centre Discussion Paper No.66, January 2011
Related links
Paul Cheshire webpage
Christian Hilber webpage
Spatial Economics Research Centre website