Oregon's Ballot Measure 37: Examining the Hidden Externalities and Market Effects Behind a Land Use Initiative

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Title: Oregon's Ballot Measure 37: Examining the Hidden Externalities and Market Effects Behind a Land Use Initiative
Author: Wyman, Robert Jeffrey
Abstract: For many Oregonians, there is a sharp dichotomy between personal freedom and government-imposed land use regulations. Proponents of Measure 37, which acts to relieve landowners from the burden of regulation, would contend that the initiative allows landowners to regain rights lost decades ago. Opponents would contend that regulation is needed to preserve Oregon’s natural resources from being completely developed. In reality, the line separating the two sides is not so clear. It is Measure 37, a radical and poorly written privately-sponsored initiative, which has exacerbated the separation of these two interconnected schools-of-thought. After all, personal freedom is hindered by regulation because it limits choices, but a lack of regulation can lead down the same path. This thesis empirically estimates the effect many social and environmental attributes, modifiable through Measure 37, have on sales prices in the Portland Metropolitan area. It finds that zoning changes can significantly decrease the sale price of neighboring properties. This suggests that this initiative is not a healthy direction for Oregon land use because it corrects perceived past unfairness with potentially greater unfairness.
Description: 139 p. A THESIS Presented to the Department of Economics and the Clark Honors College of the University of Oregon in partial fulfillment of the requirements for degree of Bachelor of Arts, Spring 2006.A print copy of this title is available through the UO Libraries under the call number: SCA Archiv Storage Wyman 2006
URI: http://hdl.handle.net/1794/3236
Date: 2006-06


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