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An Essay on Urban Economic Theory : Advances in Urban and Regional Economics - Yorgos Y. Papageorgiou

An Essay on Urban Economic Theory

Advances in Urban and Regional Economics

Hardcover Published: 31st December 1998
ISBN: 9780792383437
Number Of Pages: 316

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Over the past thirty years, urban economic theory has been one of the most active areas of urban and regional economic research. Just as static general equilibrium theory is at the core of modern microeconomics, so is the topic of this book - the static allocation of resources within a city and between cities - at the core of urban economic theory. An Essay on Urban Economic Theory well reflects the state of the field. Part I provides an elegant, coherent, and rigorous presentation of several variants of the monocentric (city) model - as the centerpiece of urban economic theory - treating equilibrium, optimum, and comparative statistics. Part II explores less familiar and even some uncharted territory. The monocentric model looks at a single city in isolation, taking as given a central business district surrounded by residences. Part II, in contrast, makes the intra-urban location of residential and non-residential activity the outcome of the fundamental tradeoff between the propensity to interact and the aversion to crowding; the resulting pattern of agglomeration may be polycentric. Part II also develops models of an urbanized economy with trade between specialized cities and examines how the market-determined size distribution of cities differs from the optimum. This book launches a new series, Advances in Urban and Regional Economics. The series aims to provide an outlet for longer scholarly works dealing with topics in urban and regional economics.

`One of its achievements is its integration of the many contributions to the field into a manageable whole. An Essay on Urban Economic Theory is an important and impressive book. It may turn out to be the last word on the standard monocentric model, and its analysis of recent urban economic theory will hopefully facilitate further progress in the field.' Journal of Economic Geography, 1 (2001)

List of Figuresp. xiii
List of Tablesp. xv
Prefacep. xvii
Acknowledgementsp. xix
Introductionp. 1
Scope of this Bookp. 1
Fundamental Determinants of Spatial Structurep. 2
Historical Sketchp. 4
Urban Land Use and Rent Theoryp. 4
Size and Functional Distribution of Citiesp. 11
Economic Geography of Citiesp. 14
Some Final Commentsp. 17
Book Outlinep. 18
Notationp. 20
Latin Symbolsp. 20
Greek Symbolsp. 24
Referencesp. 25
The Monocentric Cityp. 31
Urban Equilibriump. 33
Conceptual Frameworkp. 33
Landscape and the Shape of the Urban Areap. 33
Preferencesp. 35
Pricesp. 36
The Structure of Urban Equilibriump. 36
Land Ownership, Property Rights, and the Disposal of Urban Rentp. 36
Individual Decisionsp. 37
Clearing the Urban Land Marketp. 39
Clearing the Available Land Marketp. 39
Rent Disposal and Income Determinationp. 40
Definition of a Competitive Equilibriump. 41
Closing the Modelp. 42
Properties of the Equilibrium Allocationp. 43
The Shape of the Urban Areap. 43
The Principle of Zero Marginal Location Costsp. 43
Population Densityp. 45
Negative Exponential Rent and Densityp. 46
Aggregate Relationships at Equilibriump. 48
Appendicesp. 50
Alternative Choice Problemsp. 50
A Fundamental Issuep. 53
Referencesp. 54
Comparative Staticsp. 57
Open Renter Cityp. 58
Initial Endowmentp. 58
Agricultural Rentp. 59
Utility Levelp. 60
Transportation Technologyp. 61
Land Reclamationp. 63
Public Goodp. 63
Closed Renter Cityp. 64
Population Sizep. 65
Agricultural Rentp. 67
Transportation Technologyp. 68
Land Reclamationp. 71
Public Goodp. 72
Initial Endowmentp. 74
Theoretical Implications and Empirical Evidencep. 75
Agricultural Rentp. 77
Economic Growth and Suburbanisationp. 78
Population Growth and Suburbanisationp. 79
Closed Mixed and Owner Citiesp. 81
Effects on Utilityp. 81
Initial Endowmentp. 83
Population Sizep. 86
Agricultural Rentp. 88
Share in Profits from Land Developmentp. 91
Transportation Technologyp. 92
Land Reclamationp. 92
Public Goodp. 94
Referencesp. 94
Optimality of the Equilibrium Allocationp. 97
Allocations that Maximise Social Welfarep. 97
Social Welfare Functionp. 97
Conditions for Maximising Social Welfarep. 99
Properties of the Optimal Allocationp. 101
Decentralisationp. 104
How to Treat Equals?p. 106
Equilibrium Allocation and Pareto Efficiencyp. 109
Referencesp. 111
Extensionsp. 113
Utility and Locationp. 113
The Value of Timep. 113
Environmental Qualityp. 115
Productionp. 117
Comparative Staticsp. 118
Sudden Urban Growthp. 119
Heterogeneous Populationp. 121
The Slope Testp. 121
The Value of Timep. 123
Comparative Staticsp. 124
The City as a Central Place Systemp. 128
The Modelp. 128
Some Equilibrium Propertiesp. 131
Negative Exponential Rent and Densityp. 133
Appendicesp. 135
Proof of (5.10)p. 135
Counter-Example to Result 5.2p. 136
Referencesp. 139
Urban Housingp. 141
Nondurable Housing Productionp. 142
A Model with Households and Housing Producersp. 142
A Model with Housing Produced by Householdsp. 143
Durable Housing Productionp. 146
Supply of Housingp. 146
Demand for Housingp. 160
Spatial Structure of a Durable Housing Marketp. 162
Appendicesp. 164
Proof of (6.18)p. 164
Proof of (6.20)p. 164
Proof of (6.21)p. 165
Proof of (6.22)p. 166
Proof of (6.24)p. 166
Referencesp. 167
Transportation Infrastructurep. 169
Competitive Market for Urban Transportationp. 170
Market Failurep. 172
Monitoring the Use of Transportation Infrastructure and Non-Excludabilityp. 172
Returns to Scalep. 173
Public Supply of Transportation Infrastructurep. 175
First-Best Allocationp. 177
Second-Best Allocationp. 178
Appendicesp. 181
Proof of (7.6)p. 181
First-Best Allocation Problemp. 182
Second-Best Allocation Problemp. 185
Proof of Lemma 7.1p. 186
Proof of Result 7.3p. 187
Referencesp. 188
From Monocentricity to Polycentricityp. 191
The Alleged Failure of the EDFp. 191
The Monocentric City and the EDFp. 193
The Density Gradient and City Sizep. 195
Is the Monocentric Paradigm Obsolete?p. 196
Referencesp. 199
Polycentric Urban Structuresp. 203
Agglomerationp. 205
The Benefits and Costs of Agglomerationp. 205
Modelling Agglomerationp. 210
Von Thunen and the Monocentric Cityp. 210
Internal City Structurep. 213
Distribution of City Sizesp. 215
Economic Geography of Citiesp. 220
Referencesp. 229
The Polycentric Cityp. 235
Club Theoryp. 236
Elements of Club Theoryp. 237
Extensionsp. 242
Clubs as Institutions of Collective Economic Activityp. 244
Spatial Clubsp. 246
The Henry George Rulep. 247
The City as an Optimal Complex of Spatial Clubsp. 248
The Modelp. 249
The Optimal Club Complexp. 252
Decentralisationp. 253
Monocentricity Versus Polycentricityp. 254
Monocentric Configurationp. 255
Polycentric Configurationp. 256
Optimal Configurationp. 257
Comparative Staticsp. 258
Appendicesp. 262
Optimality of the Club Equilibrium and Decentralisationp. 262
Proof of Result 10.1p. 263
Referencesp. 263
Specialisation and Tradep. 267
Introductionp. 267
An Extended Club-LPG Modelp. 269
A Reduced Form of the Optimal Allocation Problemp. 271
Gains from Trade Versus the Loss from Inefficient City Sizep. 277
Examplesp. 278
Consumption and Production Groups with a Pure Local Public Goodp. 278
Consumption and Production Groups with an Impure Local Public Goodp. 279
Consumption Groups with a Crowding Effectp. 280
Referencesp. 282
Externalities, Nonconvexity and Agglomerationp. 283
Introductionp. 283
What is an Externality?p. 285
The Population Distribution Among Citiesp. 287
External Scale Diseconomies and Economies in an Old Debatep. 287
The Gaps MSC - MV and MSP - [omega]p. 290
Variation of Gaps with City Sizep. 291
The Role of Nonconvexityp. 293
The Utility-Size Configuration Revisitedp. 293
Equilibrium, Stability and Market Biasp. 297
Externalities, Nonconvexity and the Direction of Market Biasp. 297
Concluding Commentsp. 300
Gap Calculationsp. 301
Referencesp. 303
Author Indexp. 305
Subject Indexp. 309
Table of Contents provided by Syndetics. All Rights Reserved.

ISBN: 9780792383437
ISBN-10: 0792383435
Series: Advances in Urban and Regional Economics
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 316
Published: 31st December 1998
Publisher: Springer
Country of Publication: NL
Dimensions (cm): 24.77 x 16.51  x 2.54
Weight (kg): 0.65

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