Showing 1 - 10 of 99
Urban renewal areas are popular but empirically understudied spatial planning instruments designed to prevent urban decline and induce renewal. We use a quasi-experimental research design to study the effects of 22 renewal areas implemented in Berlin, Germany, to increase housing and living...
Persistent link: https://www.econbiz.de/10013071387
Weimar achieved urban recovery as a ‘consumer city' with sub-brandings like a population magnet with a high living-quality, a cultural city with touristic attractions, and a university city. Its intensive cultural promotion policies combined with urban regeneration programs have contributed to...
Persistent link: https://www.econbiz.de/10012948048
I define a composite amenity that provides aesthetic and consumption value to local residents: Urbanity. A novel data set of geo-tagged photos shared in internet communities serves as a proxy for urbanity. From the spatial pattern of house prices and photos I identify the value of urbanity in...
Persistent link: https://www.econbiz.de/10013060976
The objective of this paper is to show how the same market failures that contribute to urban sprawl also contribute to urban blight. The paper develops a simple dynamic model in which new suburban and older central-city properties compete for mobile residents. The level of housing services...
Persistent link: https://www.econbiz.de/10013316314
Thomas Friedman has argued in The World is Flat that those who deny rapid globalization will not survive in the global economy. First, we critically discuss Friedman's views and highlight the new globalization driven by outsourcing and vertical specialization. Second, we argue that Friedman pays...
Persistent link: https://www.econbiz.de/10013316592
We analyze the efficiency of urbanization patterns in a stylized dynamic model of urban growth with three sectors of …’). If, however, production becomes cleaner over time (‘green growth’) the equilibrium urbanization path reaches the … efficient urbanization path after finite time without need of a coordinating mechanism. The results may be generalized to take …
Persistent link: https://www.econbiz.de/10013315820
Evaluating the sustainability of a society requires a system of shadow or accounting values derived from the … sustainability objective. As a first step toward the derivation of such shadow values for a maximin objective, this paper studies an … genuine savings and the sustainability prospects of future generations …
Persistent link: https://www.econbiz.de/10012962605
I define “generous sustainability” as a combination of two conditions: neither instantaneous maximin income nor … compared to existing sustainability concepts. As a rule of thumb, generosity requires that GHG emissions are limited to levels …
Persistent link: https://www.econbiz.de/10013040484
We examine long-run treaties for mitigating climate change. Countries pay an initial fee into a global fund that is invested in long-run assets. In each period, part of the fund is distributed among the participating countries in relation to the emission reductions they have achieved in this...
Persistent link: https://www.econbiz.de/10012958888
We offer a new methodology for the assessment of public debt sustainability in a stochastic economy when sovereign … recovery rule. We distinguish sustainability and unsustainability conditions, related to alternative scenarios on the future … default occurs, the sustainability of the post-default debt is ensured when the haircut is sufficiently large. Lastly we …
Persistent link: https://www.econbiz.de/10012950605