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Volume 19, Issue 1-2
1 January 1998
Studies in Economics and Finance Cover Image for Volume 19, Issue 1-2
Review Article| January 01 1998

IS ZONING A POSITIVE‐SUM GAME? Available to Purchase

Malcolm O. Asadoorian
Malcolm O. Asadoorian
Ph.D. Candidate, Department of Economics, Clark University, Worcester, MA 01610 and Lecturer, Department of Economics and Global Studies, Assumption College, Worcester, MA 01615.
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Author & Article Information
Publisher: Emerald Publishing
Online ISSN: 1755-6791
Print ISSN: 1086-7376
© MCB UP Limited
1998
Studies in Economics and Finance (1998) 19 (1-2): 3–24.
https://doi.org/10.1108/eb028750

Zoning is typically deemed a negative‐sum game accompanied by a call for the establishment of a market for development rights. Using a formal one‐stage game of a typical zoning lottery, I demonstrate that zoning is not exclusively negative‐sum, but can also be positive‐sum, even with internalized social costs.

© MCB UP Limited
1998
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