Zoning and the Density of Urban Development

Details

• Creators:
  Parkhomenko, Andrii ; Delventhal, Matthew J. ; Kwon, Eunjee
• Corporate Creators:
  Pacific Southwest Region 9 UTC, University of Southern California ; University of Southern California, Los Angeles
• Corporate Contributors:
  California Department of Transportation ; Caltrans DRISI ; United States. Department of Transportation. University Transportation Centers (UTC) Program
• Subject/TRT Terms:
  • Commuting
  • Employment
  • Equilibrium (Economics)
  • Forecasting
  • Infrastructure
  • Population density
  • Residential location
  • Urban development
  • Zoning
  • Land use
• Publication/ Report Number:
  PSR-19-08
• Resource Type:
  Tech Report
• Geographical Coverage:
  Los Angeles Metropolitan Area;United States
• Edition:
  Final report (Aug. 2019–Jul. 2020)
• Corporate Publisher:
  Pacific Southwest Region 9 UTC, University of Southern California
• Abstract:
  The authors build a quantitative general equilibrium model of residence and employment choices under municipal density limits. Developers decide where to build, businesses decide where to offer jobs, and workers decide where to live and work given exogenous location characteristics, transport infrastructure, and zoning restrictions. The authors use employment, real estate, and commuting data to identify effective density restrictions for 3,917 Census tracts in the Los Angeles metropolitan area. The authors then compute two counterfactual scenarios. In the first, zoning restrictions on density are relaxed to the level of downtown L.A. in all urban tracts. In the second, massive improvements to transport infrastructure eliminate congestion-related delays. Each change yields large welfare gains. The first scenario leads to larger increases in output and much larger decreases in real estate prices, while the second scenario brings larger reductions in average commuting time.
• Format:
  PDF
• Funding:
  69A3551747109Caltrans Grant 65A0674, Task Order 015
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/57496/dot_57496_DS1.pdf
• File Type:
  [PDF - 1.88 MB]
• Collection(s):
  University Transportation Centers ; US Transportation Collection
• Main Document Checksum:
  urn:sha-512:db3467c225ef60cca659dd7c4d120d4b4f9c4e3253c0a4b283c3a99d89936bc26caffdfe88dea10bcd8e72c348ab93762f4b698befa6b3968ca5afcceaaa2721