Should cities allow more high density housing to be built near transit hubs?

ECON433
Term Paper Instructions
You are required to write a 1.S00 word essay on one of the following public policy topics (these were topics that were debated by the California state legislature in 2020)
See California Senate Bill SO
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See: California Assembly Bill S

In your essay, be sure to address the following questions
Introduce the topic being debated, what is it and why is it being proposed ?
Conduct a normative analysis What is the public policy rationale for this proposal? What market failure is it seeking to address, if any? What are the equity/efficienty tradeoffs, if any? Any other rationales given for the policy?
Conduct a positive analysis What do you expect to happen as a result of the policy? Who wins and who loses? Do you theik the pokey will achieve its intended objective? Oftentimes the effect of a pokey will depend on key elasticities Identify which elasticities are important and how they would affect anticipated outcomes
What is your personal opinion of the proposal? How did you arrive there? Cite expert research or conduct your own analysis to support your position.
The term paper is due on December 10,11:59PM, via Canvas upload Only POf file format wil be accepted
Points wiH be awarded for the following
Accurate and concise description of the pokey proposal
Correctly identifying the rationale behind the proposal
Thorough positive analysis within an appropriate theoretical framework
Correctly identifying the relevant elasticities
Correct use of economic and public policy jargon
Persuasive use of facts and expert opinion in arriving at your own opinion
Pending your permission, the best paper may be used as an example for future classes.

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