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    Question: Using comparative static analysis, explain what is meant by planning gain in terms that would be understood by the general public or by non-planning experts. How can we tax development value, and what are the likely effects of taxation on the land market?

    Please cover the following points in the answer.

    Planning Gain-Taxation

          Policy intervention Regulating Markets

          Taxation- types

          Economic rent and transfer earnings (with diagram)

          Planning , land markets and the case for taxation

    Planning gain, Redistribution of Taxes, Land Value Capture, Betterment taxation

    Impact of the taxations

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