Economics, Real Estate and the Supply of Land -- Contents -- Preface -- 1 Introduction: The Market for Land and Property -- The supply of land -- The demand for land -- The development of a theory of the supply of land -- 2 Land Values, Rents and Demand -- Introduction -- Ricardian rent theory -- Neoclassical rent theory -- Ricardian theory remembered -- Planning controls and rent theory -- Hierarchical planning systems -- Urban rent theory -- Rents, economic and commercial -- Summary and conclusion -- 3 Coping with Changes in Demand -- Introduction -- The extensive margins -- The intensive margin -- Capital longevity and the asymmetry of change -- The process of change in the housing market -- Summary and conclusions -- 4 How Efficient is the Property Market? -- Introduction -- The economic concept of efficiency -- Efficient markets -- The evidence -- Tests of market efficiency -- Conclusions -- 5 Market Inefficiency: Causes and Consequences -- Introduction -- Why the property market is imperfect and inefficient -- Price determination and the theory of the core -- The consequences -- Conclusions -- 6 The Supply of Land for a Particular Use: Speculation and Uncertainty -- Introduction -- Speculation -- Uncertainty -- Summary and conclusions -- 7 The Supply of Land for a Particular Use: Occupier Performances and Residential Attachment -- Introduction -- Owner occupier attachment -- Some empirical evidence -- Summary and conclusions -- 8 The Ownership of Land and Change in its Use -- Introduction -- Tenants, owner occupiers and the supply of land -- Ownership and change -- Summary and conclusions -- 9 Land Ownership, Politics and Society -- Introduction -- Society and the ownership of land -- Alternative forms of ownership and tenancy -- A libertarian view -- Summary -- 10 Ownership and Control: Monopoly -- Introduction.

Monopoly rents and wine production -- Monopoly rents and shopping centres -- Summary and conclusions -- 11 Ownership and Control: Minimum Rents -- Introduction -- Minimum rents -- Minimum rents in an urban environment -- Summary and conclusions -- 12 Information, Uncertainty and the Property Market -- Introduction -- Modelling the search for information -- Information, search and the property market -- Searching for housing in practice -- The housing market -- The developer and land supply restrictions -- Summary and conclusions -- 13 Land Availability and Land Banking -- Introduction -- Land availability -- Land banking by private firms -- Public land banking -- Summary and conclusions -- 14 Contiguity: Site Assembly -- Introduction -- A game theory approach -- A question of time -- Conclusion -- 15 Contiguity: Compulsory Purchase and the Scale of Development -- Introduction -- Compulsory purchase and the speed of acquisition -- Scale economies, acquisition costs and history -- Summary and conclusion -- 16 Contiguity: Land Reallocation and the Price of Land -- Introduction -- Land reallocation and adjustment -- Size of site and the price of land -- Summary and conclusions -- 17 The Taxation of Land and Development Gains -- Introduction -- The undeserving land owner -- Betterment -- Economic theory and taxes on development -- Land taxation in recent British history -- Summary and conclusions -- 18 Annual Taxation and the Nationalisation of Land -- Introduction -- Property taxes and the rates -- Site value taxation -- Land nationalisation -- Summary and conclusions -- 19 Conclusion: Themes and Changes in Perception -- Recapitulation -- Coda -- References -- Index.