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Speculation and Monopoly in Urban Development - Markusen & Scheffman - Toronto

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Item specifics

Condition
Good
A book that has been read but is in good condition. Very minimal damage to the cover including scuff marks, but no holes or tears. The dust jacket for hard covers may not be included. Binding has minimal wear. The majority of pages are undamaged with minimal creasing or tearing, minimal pencil underlining of text, no highlighting of text, no writing in margins. No missing pages. See all condition definitionsopens in a new window or tab
Seller Notes
“Good”
Features
Ex-Library
ISBN
9780802033482
Publication Name
Speculation and Monopoly in Urban Development : Analytical Foundations with Evidence for Toronto
Item Length
9.2in
Publisher
University of Toronto Press
Series
Heritage Ser.
Publication Year
1977
Type
Textbook
Format
Trade Paperback
Language
English
Item Height
0.6in
Author
James R. Markusen, David T. Scheffman
Item Width
6.1in
Item Weight
0 Oz
Number of Pages
176 Pages

About this product

Product Information

The recent rapid rise in land and housing prices in Canadian cities has generated much public concern. It is widely supposed that prices have been inflated by monopolistic developers, an assumption that has never been adequately tested. This study evolves a model of the land development process which includes a new theory of land pricing giving special emphases to market structure, speculation, and taxation. It then applies the model to the first fully documented examination of the Toronto land market, presenting specific original data on ownership and land assembly. The history of the conversion of farmland to residential use in four recent Toronto subdivisions permits a close look at the activities and profits of speculative middlemen and at the length of time developers buy land prior to subdividing. The results indicate that Toronto real estate is not controlled by a few large developers, that ownership concentration is too low to imply market power even if all companies with overlapping corporate control are treated as a single firm. The authors suggest that rising prices have been caused by unforeseen increase in demand, shortages of municipally provided trunk service capacity, especially sewers, and frequent municipal reluctance to grant subdivision approvals. The book concludes with a general consideration of the role of government in land development and a number of specific policy recommendations concerning the subdivision approval process, the Ontario Land Speculation Tax, and public land banking. This study will be of great interest to urban geographers and economists, to urban planners and policy-makers, and to representatives of development corporations and urban reform groups.

Product Identifiers

Publisher
University of Toronto Press
ISBN-10
0802033482
ISBN-13
9780802033482
eBay Product ID (ePID)
4754804

Product Key Features

Author
James R. Markusen, David T. Scheffman
Publication Name
Speculation and Monopoly in Urban Development : Analytical Foundations with Evidence for Toronto
Format
Trade Paperback
Language
English
Series
Heritage Ser.
Publication Year
1977
Type
Textbook
Number of Pages
176 Pages

Dimensions

Item Length
9.2in
Item Height
0.6in
Item Width
6.1in
Item Weight
0 Oz

Additional Product Features

Grade from
College Graduate Student
Copyright Date
1977
Topic
Real Estate / General, Public Policy / City Planning & Urban Development, Economic Conditions, Land Use, Sociology / Urban
Intended Audience
Scholarly & Professional
Genre
Law, Business & Economics, Social Science, Political Science

Item description from the seller

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