RT Journal Article
SR Electronic
T1 An Analysis of Minimum Frontage Zoning to Preserve Lakefront Amenities
JF Land Economics
JO Land Econ
FD University of Wisconsin Press
SP 469
OP 481
DO 10.2307/3146934
VO 77
IS 4
A1 Spalatro, Fiorenza
A1 Provencher, Bill
YR 2001
UL http://le.uwpress.org/content/77/4/469.abstract
AB The development of lakefront property in northern Wisconsin has prompted, in several towns, minimum frontage zoning stricter than the state standard. Such zoning generates an economic loss by constraining development (development effect), and an economic gain by preserving environmental amenities (amenity effect). Estimation of a hedonic price function for lakefront property in northern Wisconsin quantifies these competing effects. The estimation indicates that at the current margin the economic loss from the development effect is negligible, and the economic gain from the amenity effect may be considerable, raising frontage prices by an average of 21.5%. (JEL Q25, R52)