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Britain tightly restricts the supply of office space, creating substantial economic rents, but its development restrictions are politically administered and therefore gameable, inducing rent-seeking activity. We find tha...Read more...
Paul Cheshire and Gerard H. Dericks
1 September 2020
A quarter of London’s skyscrapers are designed by architects who have already won a lifetime achievement award and whose work thus has the imprimatur of ‘iconic design’; this compares with just 3% in Chicago. According t...Read more...
Paul Cheshire and Gerard Dericks
3 October 2014
Britain’s land use regulation (planning) system imposes very tight restrictions on the supply of office space so creating substantial rents. An unmeasured part of the costs associated with these restrictions likely comes...Read more...
23 January 2014