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We specify a system of equations that fully reflects the supply and demand sides of the market for agricultural open space at equilibrium. Although simple, the system is exceedingly flexible and allows for household and parcel heterogeneity. We derive an empirical model directly from the...
Persistent link: https://www.econbiz.de/10003954038
The confluence of factors driving urban growth is highly complex, resulting from a combination of ecological and social determinants that co-evolve over time and space. Identifying these factors and quantifying their impact necessitates models that capture both why urbanization happens as well...
Persistent link: https://www.econbiz.de/10003725766
Persistent link: https://www.econbiz.de/10003471719