Showing 1 - 10 of 70
We model the behavior of rational forward-looking agents in a spatial economy. The economic geography structure is built on Fujita et al. (1999)'s racetrack economy. Workers choose optimally what to consume at each period, as well as which spatial itinerary to follow in the geographical space....
Persistent link: https://www.econbiz.de/10010636464
We develop a model of trade and agglomeration that incorporates trade in both intermediate goods and final goods and … characterize world equilibrium and establish the conditions under which industrial agglomeration arises as a stable equilibrium … effect becomes influential, trade liberalization can generate non-monotonic effects on industrial agglomeration. The …
Persistent link: https://www.econbiz.de/10010594975
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
Motivated by several empirical studies showing a positive relationship between residential density and vehicle fuel efficiency chosen by the residents, this paper presents a modified monocentric city model with endogenous vehicle-typechoices. Consumers are assumed to explicitly consider driving...
Persistent link: https://www.econbiz.de/10010577532
agglomeration economies have been built in U. Farmers face three options: (i) working in the agricultural sector, (ii) setting up …
Persistent link: https://www.econbiz.de/10010608482
Variation in regulatory costs over time and across different types of investment projects creates risk for developers who hold land. These so-called implicit costs, which arise as a result of regulatory delay in the land development process, are hypothesized to be potentially large, but...
Persistent link: https://www.econbiz.de/10011209294
This paper uses an economic agent-based model of land use in a hypothetical urban fringe community to examine the effects of large-lot zoning on land conversion, land prices, and the spatial configuration and density of new development. The model incorporates the actions of heterogeneous housing...
Persistent link: https://www.econbiz.de/10010608486
Urban areas possess complex spatial configurations. These patterns are produced by cumulative changes in land use and land cover as human and natural environments are influenced by market forces, policy, and changes in the natural landscape. To understand the mechanisms underlying these complex...
Persistent link: https://www.econbiz.de/10010738124
Surveys of artists' location choices show that they disproportionately reside in large cities. This paper introduces a model that attempts to explain this urban preference. The model includes four factors: access to other artists; access to consumer demand; access to service jobs; and housing...
Persistent link: https://www.econbiz.de/10011052363
prewar Japan. Agglomeration improves the productivity of each plant through positive externalities which shift plant … distribution on the left. We find evidence of agglomeration effects that benefit less productive plants and selection effects in … studies that find positive agglomeration effects in the most productive firms, but no selection effects in cities (Combes et …
Persistent link: https://www.econbiz.de/10010785294