An extension of Mohring's model for land rent distribution

Article Abstract:

In 1961, Herbert Mohring developed a model to explain urban-related land rents, which demonstrated that the economic value of land declined as one moved away from city centers. In extending Mohring's classic analysis of the inverse relationship between land rents and distance from city centers, other economic variables have been explicitly accounted for. These include the relationships among: housing, heating and transportation costs; structure durability; and future housing demand. This extended model is an excellent tool for evaluating city master plans, as demonstrated by its application to a Swedish city. The extended model employs cost-benefit analyses when evaluating these cost factors and their influence on land rent prices. Surveys of Mohring's model examine the assumptions underlying the model's development, prior to extending the model to include the cost factors and economic variables mentioned above.

Research, Finance, Criticism and interpretation, Land use, Municipal research, Land allotment, Housing surveys, Mohring, Herbert

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On the land assembly problem

Article Abstract:

A segment of the land market where the entire available area of land is required for indivisible development is examined. Several land holders share the stock. They either collude or negotiate independently with developers regarding prices for their lots. Results of the study indicate that landowners set more moderate prices under collusion, than they do when acting independently. When acting independently, the landowners' asking price falls with the size of the land share.

Economic research, Metropolitan areas, Property acquisition

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Land speculation and the rental price of housing

Article Abstract:

An equilibrium model indicates that land price and housing rent are not related to speculative land holdings. Land price levels have no bearing on housing rental price, which depends on depreciation and interest rates and construction costs. When idle land is taxed, its price and housing rent declines. Imperfect capital market conditions destroys this unrelatedness; high future land-price anticipation could increase housing rentals.

Colleges and universities, Prices and rates, Housing, Housing research, Dwellings, Economic rent

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