We build a theoretical model that relates house price, city size and the expected future growth of demand for housing. Our model combines the Alonso-Mills model on urban economics with insights from financial economics on house prices. Estimating the model for cities in the US, we empirically...

Cities in transition face a unique set of challenges that came forth due to interplay of the legacy of socialist urban policies and transition to the market economy. The socialist urban policies restrained growth of the largest cities and distorted the spatial equilibrium towards more uniform...

In the recent literature on spatial agglomeration models, substantial progress has been made in modeling urban structures in terms of number and size of cities, but the question where cities arise remains unanswered. This paper illustrates that if a spatial agglomeration model is extended with a...

"Cities in a World Economy" presents sociologists with a new perspective on the study of urban sociology. The decentralization and privatization of the world's economies has radically altered such things as the organization of labour, the structure of consumption, and the distribution of...