Full Story Here: Opposition to Development or Opposition to Developers?
"Their findings complicate simple stories of NIMBYism, often emphasizing the negative externalities of new housing. When residents oppose new housing because they believe it will congest their streets, they are acting in their own self-interest: working to prevent their own loss. When residents oppose new development because a developer might earn a large profit, they are opposing someone else’s gain. This action suggests a separate dimension of NIMBYism, centered less on risk aversion and more on enforcing community norms of fairness. The power of these norms, furthermore, might help explain the popularity of regulations like linkage fees, exactions or inclusionary zoning ordinances. These policies are increasingly common, but estimates of their efficacy are at best mixed. These programs impose certain costs on developers, but deliver uncertain benefits to their intended targets. If residents derive satisfaction from seeing developers punished, however, the persistence of these programs in the face of ambiguous evidence about their efficacy becomes less mysterious."