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Building on a two-dimensional discrete version of the standard urban economics land-use model, this paper presents a tractable urban land-use simulation model that is adapted to developing country cities, where formal and informal housing submarkets coexist. The dynamic closed-city framework...
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Since the industrial revolution, the economic development of Western Europe and North America was characterized by continuous urbanization accompanied by a gradual phasing-in of urban land property rights over time. Today, however, the evidence in many fast urbanizing low-income countries points...
Persistent link: https://www.econbiz.de/10012970665
Since the industrial revolution, the economic development of Western Europe and North America was characterized by continuous urbanization accompanied by a gradual phasing-in of urban land property rights over time. Today, however, the evidence in many fast urbanizing low-income countries points...
Persistent link: https://www.econbiz.de/10012245598
We present an urban land use model with land registration decisions and potential ethnic matching between buyers and sellers of informal land. We use the model to study the market failures associated with land tenure insecurity and information asymmetry regarding risks of contested land...
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