An economic theory for industrial land policy

• Autores: Barrie Needham, Erik Louw, Paul Metzemakers
• Localización: Land use policy: The International Journal Covering All Aspects of Land Use, ISSN 0264-8377, ISSN-e 1873-5754, Nº. 33, 2013, págs. 227-234
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Dialnet Métricas: 11 Citas
• Resumen

  • When a land-use plan is made which includes land for industrial uses, the amount of land reserved is usually based on an implicit theory about how firms demand land. As a result, it is not clear what the effects would be if the reservation turns out to be incorrect. Here, a theory is made explicit, by focussing on the technical possibilities which a firm has for substituting between land and all other factors of production. Where that substitution is easy - such as for office-using firms - the practical consequences of reserving too little land are not likely to be great. Where that substitution is difficult - such as for many factory-using firms - the practical consequences could be serious. It follows that it is important to reserve such land generously.