Dynamic Analysis of the Urban Economy


Book Description

Dynamic Analysis of the Urban Economy provides a dynamic analysis of business and residential economic activities in urban areas. This book is organized into four parts encompassing 13 chapters that cover some insights into the dynamic processes of complex urban relationships through construction and analysis of simple dynamic models of the urban economy, as well as the development of the so-called ""dynamic urban economics"" within the framework of general dynamic economics. The Introduction is a preview of the basic ideas about dynamics. This topic is followed by discussion on the theoretical analyses of dynamic urban systems. Part 1 emphasizes the dynamic stability property of spatial equilibrium and its relation to comparative statics. Part 2 considers the effects of various kinds of externalities o n the dynamic property of the urban economy, while Part 3 examines the long-run growth processes of the urban economy and their optimality property. Part 4 looks into the optimal size and configurations of an urban area in connection with agglomeration economies and traffic congestion. This book will be of great value to economic theorists.




Foundations of Dynamic Economic Analysis


Book Description

Foundations of Dynamic Economic Analysis presents a modern and thorough exposition of the fundamental mathematical formalism used to study optimal control theory, i.e., continuous time dynamic economic processes, and to interpret dynamic economic behavior. The style of presentation, with its continual emphasis on the economic interpretation of mathematics and models, distinguishes it from several other excellent texts on the subject. This approach is aided dramatically by introducing the dynamic envelope theorem and the method of comparative dynamics early in the exposition. Accordingly, motivated and economically revealing proofs of the transversality conditions come about by use of the dynamic envelope theorem. Furthermore, such sequencing of the material naturally leads to the development of the primal-dual method of comparative dynamics and dynamic duality theory, two modern approaches used to tease out the empirical content of optimal control models. The stylistic approach ultimately draws attention to the empirical richness of optimal control theory, a feature missing in virtually all other textbooks of this type.




The Rise and Fall of Urban Economies


Book Description

Today, the Bay Area is home to the most successful knowledge economy in America, while Los Angeles has fallen progressively further behind its neighbor to the north and a number of other American metropolises. Yet, in 1970, experts would have predicted that L.A. would outpace San Francisco in population, income, economic power, and influence. The usual factors used to explain urban growth—luck, immigration, local economic policies, and the pool of skilled labor—do not account for the contrast between the two cities and their fates. So what does? The Rise and Fall of Urban Economies challenges many of the conventional notions about economic development and sheds new light on its workings. The authors argue that it is essential to understand the interactions of three major components—economic specialization, human capital formation, and institutional factors—to determine how well a regional economy will cope with new opportunities and challenges. Drawing on economics, sociology, political science, and geography, they argue that the economic development of metropolitan regions hinges on previously underexplored capacities for organizational change in firms, networks of people, and networks of leaders. By studying San Francisco and Los Angeles in unprecedented levels of depth, this book extracts lessons for the field of economic development studies and urban regions around the world.




Urban Dynamics and Urban Externalities


Book Description

This title combines reviews of two of the most important branches of urban economics: dynamics and externalities.




Regional and Urban Economics Parts 1 & 2


Book Description

A collection of the first section of the "Fundamentals of Pure and Applied Economics" series, "Regional and Urban Economics: Parts One and Two" is an encyclopaedia containing eight titles: This volume highlights original contributions in regional and urban economics, concentrating mainly on urban economic theory. The contributions focus on the treatment of space in economic theory. Drawing on the body of literature developed by Von Thunen, Christaller and Losch, these chapters explore empirical, theoretical and applied aspects of urban and regional economics which can be divided into the following areas: Location Theory, "Jean Jaskold Gabszewicz, Jacques-Francois Thisse, Masahisa Fujita "and" Urs Schwiezer" Urban Public Finance, "David E. Wildasin" Urban Dynamics and Urban Externalities, "Takahiro Miyao "and" Yoshitsugu" "Kanemoto" Systems of Cities and Facility Location,




Handbook of Regional Growth and Development Theories


Book Description

Regional economics – an established discipline for several decades – has undergone a period of rapid change in the last ten years resulting in the emergence of several new perspectives. At the same time the methodology of regional economics has also experienced some surprising developments. This fully revised and updated Handbook brings together contributions looking at new pathways in regional economics, written by many well-known international scholars. The aim is to present the most cutting-edge theories explaining regional growth and local development. The authors highlight the recent advances in theories, the normative potentialities of these theories and the cross-fertilization of ideas between regional and mainstream economists. It will be an essential source of reference and information for both scholars and students in the field.




Urban Systems (Routledge Revivals)


Book Description

This edited collection, first published in 1987, provides a comparative analysis of different approaches to urban modelling, and lays the foundations for the possibility of integration and a more unified field. The first part contextualises the development of the field of urban systems modelling, focusing on the variety of approaches and possible implications of this on the future of research and methodology. Next, the editors consider economic and ‘non-economic’ approaches, followed by an analysis of spatial-interaction-based approaches. Providing an overview to the field and research literature, the overarching argument is that there should be an integrated methodological approach to urban system modelling.




Complex Evolutionary Dynamics in Urban-Regional and Ecologic-Economic Systems


Book Description

Drawing on the middle chapters from the first edition of J. Barkley Rosser's seminal work, From Catastrophe to Chaos, this book presents an unusual perspective on economics and economic analysis. Current economic theory largely depends upon assuming that the world is fundamentally continuous. However, an increasing amount of economic research has been done using approaches that allow for discontinuities such as catastrophe theory, chaos theory, synergetics, and fractal geometry. The spread of such approaches across a variety of disciplines of thought has constituted a virtual intellectual revolution in recent years. This book reviews the applications of these approaches in various subdisciplines of economics and draws upon past economic thinkers to develop an integrated view of economics as a whole from the perspective of inherent discontinuity.




The Economics of Housing Vouchers


Book Description

The Economics of Housing Vouchers is a seven-chapter text that examines the housing choices of low-income families in two metropolitan areas, namely, Phoenix and Pittsburgh. Some of these households are offered a novel kind of housing subsidy, including a housing allowance or housing voucher, in an experimental framework designed to test this approach to demand-side housing assistance. Chapter 1 presents an overview of U.S. housing programs and the dimensions of the U.S. housing problem. Chapter 2 provides a simple microeconomic model that conceptualizes household behavior, as well as a summary of some of the extant evidence on housing demand. This chapter also estimates the housing demand models for the low-income population in the Demand Experiment, using housing expenditures to measure housing. Chapter 3 applies a hedonic index of housing services that abstracts from particular characteristics of the household or landlord that may affect rent and attempts to measure housing in a more objective manner. Chapter 4 describes a model of household behavior that leads to the methodology for estimating experimental effects. Chapter 5 repeats the analysis for Minimum Rent households, while Chapter 6 examines the effect of both kinds of Housing Gap allowance payment on the consumption of housing services. Lastly, Chapter 7 focuses on the implications of the experimental findings for housing policy. This chapter compares a housing allowance strategy with two other approaches, namely, a pure income-transfer approach and a construction-oriented approach. This book is of value to workers in housing policy, including economists, regional and other social scientists in academia, housing analysts, the Congress, housing lobby groups, and state and local government housing officials.




Handbook of Regional and


Book Description

This second volume of the Handbook presents professional surveys of all the important topics in urban economics. The first section contains 6 surveys on locational analysis, the second, 5 surveys of specific urban markets, and the third part presents 5 surveys of government policy issues. The book brings together exhaustive research by distinguished scholars from many countries. It is the only complete survey volume of urban economics and should serve as a reference volume to scholars and graduate students for many years. For more information on the Handbooks in Economics series, please see our home page on http://www.elsevier.nl/locate/hes