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2421 2019-03-26 201.31 KB A Companion to Urban Economics Arnott and McMillen Chapter 28.pdf
C H A P T E R T W E N T Y - E I G H T Measuring Quality of Life Life is good when quality of life is high. To many of us, an ideal quality of life index would measure a person’s overall well-being; that is, an individual’s total utility. An ideal index
2422 2019-03-26 213.11 KB A Companion to Urban Economics Arnott and McMillen Chapter 26.pdf
C H A P T E R T W E N T Y - S I X Macroeconomic Analysis Using Regional Data: An Application to Monetary Policy 26.1 INTRODUCTION Increasingly, macroeconomists have come to recognize that subnational economies, such as those of regions and urban areas,
2423 2019-03-26 236.32 KB A Companion to Urban Economics Arnott and McMillen Chapter 25.pdf
C H A P T E R T W E N T Y - F I V E Urban Labor Economic Theory 25.1 INTRODUCTION In the United States, it is generally observed that unemployment is unevenly distributed both within and between metropolitan areas. In particular, in most cities, the unemployment
2424 2019-03-26 162.45 KB A Companion to Urban Economics Arnott and McMillen Chapter 24.pdf
C H A P T E R T W E N T Y - F O U R A Primer on Spatial Mismatch within Urban Labor Markets 24.1 INTRODUCTION Taken together, these features raise the obvious question of whether the relatively poor labormarket outcomes of blacks are related to the distances
2425 2019-03-26 151.57 KB A Companion to Urban Economics Arnott and McMillen Chapter 23.pdf
C H A P T E R T W E N T Y - T H R E E Urban Labor Markets 23.1 INTRODUCTION Why should we care about urban labor markets? To some this might seem like a rhetorical question, since it is difficult not to include urban areas when studying labor markets.
2426 2019-03-26 154.21 KB A Companion to Urban Economics Arnott and McMillen Chapter 22.pdf
C H A P T E R T W E N T Y - T W O A Theory of Municipal Corporate Governance with an Application to LandUse Regulation In the United States, neither the political left nor the political right have much use for the thousands of local governments that employ
2427 2019-03-26 194.06 KB A Companion to Urban Economics Arnott and McMillen Chapter 21.pdf
C H A P T E R T W E N T Y - O N E Property and Land Taxation 21.1 INTRODUCTION Local governments in the United States and elsewhere rely heavily on property taxation to finance their expenditures. This state of affairs is not surprising, because the property
2428 2019-03-26 197.45 KB A Companion to Urban Economics Arnott and McMillen Chapter 20.pdf
C H A P T E R T W E N T Y Strategic Interaction among Governments Strategic interaction among governments has recently become a major focus of theoretical and empirical work in public economics. One branch of the literature analyzes strategic interaction
2429 2019-03-26 160.02 KB A Companion to Urban Economics Arnott and McMillen Chapter 18.pdf
C H A P T E R E I G H T E E N Urban Transport Policies: The Dutch Struggle with 18.1 INTRODUCTION Transport is characterized by various market failures that are of particular importance in urban settings. A basic market failure concerns environmental
2430 2019-03-26 146.81 KB A Companion to Urban Economics Arnott and McMillen Chapter 17.pdf
C H A P T E R S E V E N T E E N Urban Transportation and Land Use 17.1 INTRODUCTION This chapter is an introduction to the economics of the connection between urban transportation and land use. The nature of the transportation system strongly influences
2431 2019-03-26 233.15 KB A Companion to Urban Economics Arnott and McMillen Chapter 16.pdf
C H A P T E R S I X T E E N Urban Passenger Travel Demand 16.1 INTRODUCTION The idea of tolling roads to reduce traffic congestion was suggested back in 1920. For several decades, road pricing was largely dismissed as impractical and publicly unacceptable
2432 2019-03-26 214.01 KB A Companion to Urban Economics Arnott and McMillen Chapter 15.pdf
C H A P T E R F I F T E E N Urban Transport Economic Theory 15.1 INTRODUCTION Although the transportation sector constitutes a small share of total production (about 3 percent of GDP in the United States), transportation costs play a critical role in
2433 2019-03-26 180.39 KB A Companion to Urban Economics Arnott and McMillen Chapter 14.pdf
C H A P T E R FOURTEEN Housing Price Indexes 14.1 INTRODUCTION: WHY ARE ACCURATE HOUSING PRICE INDEXES IMPORTANT? The value of owner-occupied housing accounts for upwards of one-third of total household net wealth in the United States.
2434 2019-03-26 153.28 KB A Companion to Urban Economics Arnott and McMillen Chapter 12.pdf
C H A P T E R T W E L V E Discrimination in Mortgage Lending 12.1 INTRODUCTION Mortgage market discrimination has been categorized as blatant treatment, differential treatment, and adverse impact. Blatant treatment involves explicit refusal to lend or
2435 2019-03-26 206.93 KB A Companion to Urban Economics Arnott and McMillen Chapter 11.pdf
C H A P T E R E L E V E N Housing Demand: An International Perspective 11.1 INTRODUCTION Housing markets reflect distinctive national and regional policies and practices. It is important to increase understanding of housing markets and, in particular,
2436 2019-03-26 210.06 KB A Companion to Urban Economics Arnott and McMillen Chapter 10.pdf
C H A P T E R T E N Housing Policy: LowIncome Households in France 10.1 INTRODUCTION Housing consumption and investment remain subsidized even in the most liberal countries. In 2001, the United States spent 1.54 percent of GDP, and France 1.74 percent,
2437 2019-03-26 163.95 KB A Companion to Urban Economics Arnott and McMillen Chapter 9.pdf
C H A P T E R N I N E The Economic Theory of Housing Tenure Choice 9.1 INTRODUCTION Within the theory of housing markets, one may broadly distinguish three approaches, which roughly correspond to the historical development of the discipline.
2438 2019-03-26 175.45 KB A Companion to Urban Economics Arnott and McMillen Chapter 8.pdf
C H A P T E R E I G H T Testing for Monocentricity 8.1 INTRODUCTION The monocentric city model of Muth (1969) and Mills (1972) is still the dominant model of urban spatial structure. Its central predictions – that population density, land values, and
2439 2019-03-26 245.79 KB A Companion to Urban Economics Arnott and McMillen Chapter 7.pdf
C H A P T E R S E V E N Space in General Equilibrium 7.1 INTRODUCTION How do households distribute themselves in a spatial dimension? Do they distribute themselves efficiently? What determines land-use patterns?
2440 2019-03-26 182.22 KB A Companion to Urban Economics Arnott and McMillen Chapter 6.pdf
C H A P T E R S I X Monocentric Cities 6.1 INTRODUCTION Anyone who is even a casual student of cities has noted that, within a particular city, the economic landscape can vary dramatically, especially with proximity to the central business district.

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