Introduction: The Dynamic Perspective in Urban Land
GEOFFREY K. TURNBULL
Department of Economics, Georgia State University, GA, USA
The collection of papers in this issue represents a coordinated effort by the authors to
provide an integrated overview of land use regulation from a dynamic perspective. The
premise is that viewing land use regulation from a dynamic perspective leads to insights
not evident using the more familiar static perspective. But while the dynamic literature
has matured sufﬁciently to have created a body of theoretical results useful to a broader
audience, where does one ﬁnd a uniﬁed nontechnical explanation of a scattered literature
in one place?
This question appears to have motivated persistent prodding by several colleagues,
which indirectly led to this special issue. (They shall remain anonymous in order to
absolve them of any implied responsibility for the outcome). The notion called for pulling
the existing and emerging literature on the dynamic aspects of land regulation together
within a more or less uniﬁed simple framework to illustrate key results and how they are
related, thereby broadening the reach of this literature ( particularly to individuals with a
policy interest) as well as stimulating additional work in the topic. Moving to a policy
school in particular emphasized to me the need for this type of exercise.
The ﬁrst paper in this collection represents my effort in this regard (Turnbull, 2005).
The paper is organized around several of the themes that have interested me in one form
or another over the past decade and a half. The additional insights and expanded analysis
offered by John Anderson (2005), William Fischel (2005), and Thomas Miceli and C. F.
Sirmans (2005) in this issue make the collected papers comprehensive.
This special issue takes a different approach than typically followed. Instead of as-
sembling a set of distinct papers falling more or less within a particular topic or theme,
this issue offers a more tightly integrated set of papers. All of the papers are interpretive
overviews of issues related to the theory of the urban land development process. The ﬁrst
paper provides a view of how regulation affects property development incentives
according to the dynamic perspective. The papers by William Fischel, Thomas Miceli
and C. F. Sirmans, and John Anderson use the ﬁrst paper as a point of departure, each
offering an expanded discussion of issues raised but not emphasized there. This approach
provides a more coordinated evaluation of the state of this literature than would
otherwise be found in a series of independent papers, yet with each paper offering the
The Journal of Real Estate Finance and Economics, 31:4, 351–355, 2005
2005 Springer Science + Business Media, Inc. Manufactured in The Netherlands.