Planning supermarkets away, for less convenience and variety, higher prices and lower productivity

[By Paul Cheshire and Christian Hilber] One of the 'joys' of putting together a serious evidence based analysis of the effects of our planning system is to have planners turn round and dismiss the results because the analysis has not evaluated the benefits of planning. This is especially true since one of us was the first – and still one of the very few – to attempt rigorously to evaluate the net effects of restrictions on land supply; and found them to be substantial and negative in terms of their welfare effects.