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Abstract
The legal foundations and planning ramifications of development exactions have been previously explored in great detail in the literature. In addition, several authors have examined, in a theoretical context, the economic implications of development exactions in the new housing market. A related and equally important issue, which has been discussed only in a cursory fashion, is the conditions under which development exactions influence the prices and rents of structures not directly subject to an exaction. This article addresses a range of exactions, first examining the price effects on new structures, then identifying situations in which indirect price effects on other structures result.