Austin land-use regulations lawyer Chris Bradford (at his new blog, Club NIMBY) builds his own central thesis around the idea that NIMBYs seek to monopolize “access to neighborhood amenities”:

“In the absence of zoning restrictions on the number of housing units in a neighborhood, neighborhood amenities would be a public good. Zoning converts neighborhood amenities from a public good (a partially non-rivalrous, non-excludable good) into a ‘club’ good (a partially non-rivalrous, excludable good). Because ‘club’ membership is bundled with home ownership, zoning causes the value of neighborhood amenities to be capitalized into home prices.

“NIMBYism can be thought of as the practice of objecting to development in order to protect the value of ‘club’ membership.