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How should urban containment and the diversion of households to nearby residential areas be evaluated from a welfare economic perspective? Assuming the existence of a negative externality of city size, we develop a concise general equilibrium model for a mother city and a satellite. This...
Persistent link: https://www.econbiz.de/10011374401
This paper studies urban sustainability from the perspective ofexternalities. We develop a general spatialequilibrium model of a monocentric city, in which two types ofexternalities occur. On the one hand, pollution inthe industrial centre leads to a spatially differentiateddeterioration of the...
Persistent link: https://www.econbiz.de/10011303855
between agglomeration externalities (specialization, diversity, and competition), accessibilty measures and the employment …
Persistent link: https://www.econbiz.de/10011374409
Marshall-Arrow-Romer externalities, where doubling the share of a (2-digit NACE) industry results in a 2.4 percent higher … productivity. We find evidence for a negative effect of competition (associated with Porter externalities) and diversity … (associated with Jacobs externalities). …
Persistent link: https://www.econbiz.de/10011386135
This paper is concerned with the economics of urban externalities. We start by reviewing the literature on urban … externalities, and observe that although many interesting contributions have been made, there seems to be sufficient scope and need … pursued in future research on urban externalities. These include (1) the explicit consideration of mutual interactions between …
Persistent link: https://www.econbiz.de/10011334355
Urban structures and urban growth rates are highly persistent. This has far-reaching implications for the optimal size and timing of new construction. We prove that rational developers postpone construction not because prospects are gloomy, but because they are bright. The slow mean reversion in...
Persistent link: https://www.econbiz.de/10012434073
Persistent link: https://www.econbiz.de/10010191264
relationship between agglomeration externalities and the level of education. While the positive relationship between economic …
Persistent link: https://www.econbiz.de/10010374568
Persistent link: https://www.econbiz.de/10001883110