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Residential land use with demographic dynamics of young and old generations

Kono, Tatsuhito; Kotoku, Toshiaki; Otazawa, Toshimori - In: Journal of Housing Economics 21 (2012) 4, pp. 283-295

Populations of many countries are expected to decrease rapidly, with a simultaneous increase in the proportion of elderly people. These population dynamics will affect residential location patterns of young and old people because of their different preferences for local (zonal) amenities. Using...

Persistent link: https://www.econbiz.de/10010875219

Optimal regulation on building size and city boundary: An effective second-best remedy for traffic congestion externality

Kono, Tatsuhito; Joshi, Kirti Kusum; Kato, Takeaki; … - In: Regional Science and Urban Economics 42 (2012) 4, pp. 619-630

This paper numerically evaluates the efficiency of regulations on building size and city size in a congested closed city by comparing welfare gain with that achieved under a first-best toll regime. Results show that whereas the urban growth boundary (UGB) is a poor substitute for the toll regime...

Persistent link: https://www.econbiz.de/10010574105

A new interpretation on the optimal density regulations: Closed and open city

Kono, Tatsuhito; Joshi, Kirti Kusum - In: Journal of Housing Economics 21 (2012) 3, pp. 223-234

Optimality of urban density regulations differs between a closed city and an open city. We demonstrate, by examining optimal floor area ratio (FAR) regulation, how to control building size to mitigate traffic congestion externality in a monocentric city. Results show that a closed city requires...

Persistent link: https://www.econbiz.de/10010580901

Self-organization of hexagonal agglomeration patterns in new economic geography models

Ikeda, Kiyohiro; Murota, Kazuo; Akamatsu, Takashi; … - In: Journal of Economic Behavior & Organization 99 (2014) C, pp. 32-52

Self-organization of agglomeration patterns for economic models in a two-dimensional economic space is studied from a …

Persistent link: https://www.econbiz.de/10010743941

Spatial period-doubling agglomeration of a core–periphery model with a system of cities

Ikeda, Kiyohiro; Akamatsu, Takashi; Kono, Tatsuhito - In: Journal of Economic Dynamics and Control 36 (2012) 5, pp. 754-778

The progress of spatial agglomeration of Krugman's core–periphery model is investigated by comparative static analysis … of stable equilibria with respect to transport costs. We set forth theoretically possible agglomeration (bifurcation … model. Such a gradual and successive agglomeration presents a sharp contrast to the agglomeration of two cities, for which …

Persistent link: https://www.econbiz.de/10010577442

Rational expectations in urban economics

Berliant, Marcus; Yu, Chia-Ming - In: Regional Science and Urban Economics 43 (2013) 2, pp. 197-208

Canonical analysis of the classical general equilibrium model demonstrates the existence of an open and dense subset of standard economies that possess fully-revealing rational expectations equilibria. This paper shows that the analogous result is not true in urban economies under appropriate...

Persistent link: https://www.econbiz.de/10010636458

Labour Specialization and City Formation

Berliant, Marcus; Zenou, Yves - C.E.P.R. Discussion Papers - 1995

This paper explores the formation of cities through labour specialization, gains to trade, a fixed cost for the transportation network, imperfect competition between firms, and the commuting costs of consumers. The model uses a very general setting, allowing a multidimensional location space and...

Persistent link: https://www.econbiz.de/10005498079

FAR regulations and unpriced transport congestion

Pines, David; Kono, Tatsuhito - In: Regional Science and Urban Economics 42 (2012) 6, pp. 931-937

Using a fully closed monocentric urban setup with unpriced transport congestion, this paper discusses a second best allocation implemented by spatially-variable excise subsidies, or taxes, on housing and the possibility of replacing it by floor area ratio (FAR) regulations. It turns out that the...

Persistent link: https://www.econbiz.de/10010594978

Labor Differentiation and Agglomeration in General Equilibrium

Berliant, Marcus; Zenou, Yves - C.E.P.R. Discussion Papers - 2012

The aim of this paper is to explore the structure of cities as a function of labor differentiation, gains to trade, a fixed cost for constructing the transportation network, a variable cost of commodity transport, and the commuting costs of consumers. Firms use different types of labor to...

Persistent link: https://www.econbiz.de/10011083732