Responding to a paper in this journal by Evans, we assess the relative role of equilibrium and disequilibrium in modeling regional growth and decline. While there are elements of both present, we find a preponderance of evidence that equilibrium forces are the dominant influence

We summarize a considerable body of recent literature on the role of amenities in regional growth and decline, finding amenities to be of increasing importance to the growth and decline of regions. It is likely that amenity forces become more important as the development process proceeds

Formation of SEZ using agricultural land with a view to promote industrialization has recently been one of most controversial policy issues in many developing economies including India. This paper theoretically evaluates the consequences of this policy on a developing economy in terms of a...

This paper explores the simultaneous imposition of cordon pricing and population density regulations in a closed monocentric city with traffic congestion. It explores also how to optimize road investment at all locations. We show the optimal level of pricing, the optimal location of the cordon...

I demonstrate that in the monocentric city model, an allocation is in the core if and only if it is an equilibrium allocation, as long as households are endowed with strictly positive quantities of a composite consumption good, enjoy any net trade bundle at least as much as they enjoy one on the...

For a monocentric city with traffic congestion, Wheaton [W. C. Wheaton, Land Use and Density in Cities with Congestion, Journal of Urban Economics, 43 (1998) 258-272] describes that, to optimize the congestion externality, lot size zoning requires upward adjustment to the market population...

The objective of this paper is to analyze policy design for air pollution management in the spatial context of urban development. We base our analysis on the paper of Ogawa and Fujita (1982), which offers a proper theoretical framework of non-monocentric urban land use using static microeconomic...

We present a multi-regional endogenous growth model in which forward-looking agents choose their regions to live in, in addition to consumption and capital accumulation paths. The spatial distribution of economic activity is determined by the interplay between production spillover effects and...

This paper presents a framework for analysing spatial aspects of environmental policies in the regulation of trans-boundary externalities. A spatial price equilibrium model for two regions is constructed, where interactions between these regions can occur via trade and transport, via mutual...

This paper presents a Schelling-type checkerboard model of residential segregation formulated as a spatial game. It shows that although every agent prefers to live in a mixed-race neighborhood, complete segregation is observed almost all of the time. A concept of tipping is rigorously defined,...