Land-Use Regulations and Property Values: The “Windfalls Capture” Idea Revisited

Rachelle Alterman

in The Oxford Handbook of Urban Economics and Planning

Published in print December 2011 | ISBN: 9780195380620
Published online September 2012 | | DOI:

Series: Oxford Handbooks

 Land-Use Regulations and Property Values: The “Windfalls Capture” Idea Revisited

More Like This

Show all results sharing these subjects:

  • Economics
  • Urban, Rural, and Regional Economics


Show Summary Details


The issue of land use regulations and property values carries deep economic, social, and distributive-justice implications. This article revisits the upward side of the land-value coin to examine its relevance in today's world. It first addresses the issue and debates over real-property rights and the history of value capture policies. It also proposes a theoretical distinction between macro, direct, and indirect instruments for value capture. Following this, it focuses on direct value capture, and surveys the laws and policies in thirteen advanced-economy countries and draws out the lessons that may be learned from these experiences. Furthermore, it explains why the idea of value capture has been incrementally transformed into a plethora of indirect value capture instruments with growing popularity around the world. Finally, the article sets out challenges for future cross-national learning.

Keywords: land use regulations; property values; land-value coin; value capture; real-property rights; cross-national learning

Article.  13834 words. 

Subjects: Economics ; Urban, Rural, and Regional Economics

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.