Some cities have much stricter zoning laws and regulatory controls than other cities. A recent study found

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Some cities have much stricter zoning laws and regulatory controls than other cities. A recent study found that increases in the demand for housing in cities with strict zoning laws led to large increases in the price of housing. It also claimed that in cities with lax zoning laws, increases in the demand for housing led to much smaller increases in the price of housing. What, in your opinion, could explain these results?
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Microeconomics

ISBN: 978-1292079578

Global Edition 1st Edition

Authors: David Laibson, John List

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