4 ms·
> "Your feeling on "rent-seeking" and zoning policy are hardly universal, and there are many scholars that have written alternative views on the subject." Plea
by davidf18 10y ago
> "Your feeling on "rent-seeking" and zoning policy are hardly universal, and there are many scholars that have written alternative views on the subject."
Please cite your sources. The rent-seeking is one of 3 forms of microeconomic market inefficiencies (the others are [negative] externalities and information asymmetry).
Prices rise because of scarcity. Zoning density restrictions causes scarcity. "rent-seeking" is use of politics or other means to create a market inefficiency that helps a special interest gain increased wealth, not through wealth creation. Zoning density restriction are from politics.
There is universal understanding that zoning density restrictions (which is using politics to create scarcity) create higher housing costs. I don't know anyone who states that zoning density restrictions do not cause higher housing costs.
So, please cite your source.