The optimal size of an urban area is a controversial topic. We take optimal urban size to be that which minimizes net costs of city size, with larger cities first having various economies of scale (e.g. waste pickup) then later diseconomies of scale (e.g. pollution, congestion)

This paper considers a model of spatial allocation of investment capital under uncertainty. We demonstrate that the spatial concentration of economic activity depends upon properties of risk preferences deeper than risk aversion. The degree of so-called relative prudence unambiguously decides...

Due to globalization competitive firms face increasing economic opportunities for locating their activities in countries, regions and cities that provide the best business environment for their specific needs. In our study we focus on the impact of economic risk and risk preferences upon...

Due to globalization competitive firms face increasing economic opportunities for locating their activities in countries, regions and cities that provide the best business environment for their specific needs. In our study we focus on the impact of economic risk and risk preferences upon...

This Inquiry final report brings together three separate research projects to examine the capacity of Australia’s smaller cities to assist in managing population growth, including international and national migration; and provides advice on which policy instruments and programs are most likely...

The China-Pakistan Economic Corridor (CPEC), a multibillion-dollar infrastructure investment project, is heralded as a game changer for Pakistan's economy. It is part of the major development initiative led by China, known as ‘One Belt, One Road' (OBOR), connecting Asia with Europe, the Middle...

What is Housing Price to Income Ratio (HPIR) in the Indian context?It is the amount that can be spent by an individual or a household on purchase of new property (mainly house/residence) with the annual savings post taxes. For simple calculations it is assumed is that a. 10% of the income goes...