Henderson Economic Theory and the Cities

2. Auflage 2014
ISBN: 978-1-4832-9488-9
Verlag: Elsevier Science & Techn.
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 274 Seiten, Web PDF

Reihe: Research in Urban Economics

The Second Edition of Economic Theory and the Cities has been revised and expanded with both the graduate student and the practicing professional in mind. Providing a state-of-the-art synthesis of important theoretical topics in urban economics, the volume emphasizes the fundamental links between urban economics and new developments in mainstream economic theory. From the Preface: In this book I present what I believe to be the most important theoretical topics in urban economics. Since urban economics is a rather diffuse field, any presentation is necessarily selective, reflecting personal tastes and opinions. Given that, I note on what basis I chose the material that is presented and developed.First, the basic spatial model of a monocentric city is presented, since it lays the foundation for thinking about many of the topics in urban economics. The consideration of space and spatial proximity is one central feature of urban economics that distinguishes it from other branches of economics. The positive and negative externalities generated by activities locating in close spatial proximity are central to analysis of urban phenomena. However, in writing this book I have tried to maintain strong links between urban economics and recent developments in mainstream economic theory. This is reflected in the chapters that follow, which present models of aspects of the most important topics in urban economics--externalities, housing, transportation, local public finance, suburbanization, and community development. In these chapters, concepts from developments in economics over the last decade or so are woven into the traditional approaches to modeling these topics. Examples are the role of contracts in housing markets and community development; portfolio analysis in analyzing housing tenure choice and investment decisions; the time-inconsistency problem in formulating long-term economic relationships between communities, developers, and local governments; search in housing markets; and dynamic analysis in housing markets and traffic scheduling. The book ends with chapters on general equilibrium models of systems of cities, demonstrating how individual cities fit into an economy and interact with each other. This book is written both as a reference book for people in the profession and for use as a graduate text. In this edition, a strong effort has been made to present the material at a level and in a style suitable for graduate students. The edition has greatly expanded the sections on housing and local public finance so these sections could be studied profitably by a broad range of graduate students. Recommended prerequisites are an undergraduate urban economics course and a year of graduate-level microeconomic theory. It is possible that the book can be used in very advanced undergraduate courses if the students are well versed in microeconomics and are quantitatively oriented. - Focus on the basic spatial model of the monocentric city - Expanded sections on housing and local public finance - Discussion of the critical role of spatial proximity of different economic activities, such as housing, transportation, and community development

Autoren/Hrsg.

Henderson, J. Vernon

Inhaltsverzeichnis

1;Front Cover;1
2;Economie Theory and the Cities;4
3;Copyright Page;5
4;Table of Contents;6
5;Preface;12
6;Acknowledgments;14
7;Chapter 1. Spatial Equilibrium and the Spatial Characteristics of a Simple City;16
7.1;1. The Residential Sector;18
7.2;2. The Business Sector;43
8;Chapter 2. An Aggregative Model of a Simple City;50
8.1;1. The Aggregative Model;52
8.2;2. Partial Equilibrium City Size;55
8.3;3. Comparative Statics;64
9;Chapter 3. Extensions of the Basic Spatial Model;66
9.1;1. Racial Prejudice;67
9.2;2. Industrial Air Pollution;71
10;Chapter 4. Basic Housing Models;83
10.1;1. A Simple Housing Model;84
10.2;2. Dynamic Development of a Monocentric City with Durable Capital;98
10.3;3. Other Models of the Nature of Housing and the Housing Market;104
11;Chapter 5. Housing Topics: Utilizing the Basic Model;106
11.1;1. Housing Market Externalities;106
11.2;2. An Application of the Basic Model: Rent Control;119
11.3;3. Zoning Regulations Governing Housing Imputs;126
12;Chapter 6. Other Housing Topics;132
12.1;1. Tenure Choice;132
12.2;2. Search;141
12.3;3. Racial Separation and Segregation;144
13;Chapter 7. Transportation and Modal Choice;149
13.1;1. Congested Systems;150
13.2;2. Modal Choice;154
13.3;3. Extensions of the Model;164
13.4;4. The Allocation of Land to Roads in an Urban Area;166
13.5;5. Conclusions;167
14;Chapter 8. Transportation and the Peak-Load Problem;168
14.1;1. Modeling a Peak-Period Situation;169
14.2;2. A Simple Staggered Work-Hours Model;172
14.3;3. Productivity Effects and Scheduling;181
15;Chapter 9. Issues in Urban Public Economics;186
15.1;1. The Property Tax;186
15.2;2. Fiscal Federalism;201
15.3;3. The Impact of Federal Grants on Local Jurisdictions;206
16;Chapter 10. Provision of Local Public Services and the Tiebout Model;214
16.1;1. The Basic Model with Endogenous Communities;215
16.2;2. The Model with Fixed Communities;232
16.3;3. The Tiebout Model in a Dynamic Setting;234
17;Chapter 11. The System of Cities in an Economy;241
17.1;1. One Type of City;242
17.2;2. Extensions;257
18;Chapter 12. The Efficient Allocation of Resources in a System of Cities;262
18.1;1. One Type of City;264
18.2;2. Multiple Types of Cities;272
18.3;3. Conclusions;277
19;References;278
20;Index;284