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1 2019-03-26 100.75 KB A Companion to Urban Economics Arnott and McMillen Chapter 1.pdf
P A R T I Urbanization The essays in part I deal with different facets of urbanization. The Concise Oxford Dictionary defines urbanization as “rendering urban” or “removing the rural character of a district.
2 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,
3 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,
4 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
5 2019-03-26 197.36 KB A Companion to Urban Economics Arnott and McMillen Chapter 13.pdf
C H A P T E R T H I R T E E N Commercial Real Estate 13.1 INTRODUCTION Imagine a city with nothing but houses, public institutions, and parks. It might be serene, but what a dull place it would be – not really a city at all. Commercial real estate is
6 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.
7 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
8 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
9 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
10 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
11 2019-03-26 191.38 KB A Companion to Urban Economics Arnott and McMillen Chapter 19.pdf
C H A P T E R N I N E T E E N Financing Cities 19.1 INTRODUCTION In 1904, St Louis, Missouri hosted the World’s Fair. The seven-month fair included exhibits from 62 countries and had an attendance of over 2 million visitors. At the time of the Fair, St
12 2019-03-26 183.67 KB A Companion to Urban Economics Arnott and McMillen Chapter 2.pdf
C H A P T E R T W O Human Capital Externalities in Cities: Identification and Policy Issues 2.1 INTRODUCTION The case for corrective economic policies as stated in Econ101 is relatively straightforward. In some instances, there is a wedge between the private
13 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
14 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
15 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
16 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.
17 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
18 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
19 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,
20 2019-03-26 243.34 KB A Companion to Urban Economics Arnott and McMillen Chapter 27.pdf
C H A P T E R T W E N T Y - S E V E N Measuring and Analyzing Urban Employment Fluctuations 27.1 INTRODUCTION CITIES ARE NOT JUST LITTLE VERSIONS OF THE NATION National economies experience cyclical behavior; they rise and fall, have booms and recessions.
21 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
22 2019-03-26 168.74 KB A Companion to Urban Economics Arnott and McMillen Chapter 29.pdf
C H A P T E R T W E N T Y - N I N E Air Pollution in Cities 29.1 INTRODUCTION Some cities face severe air pollution problems, while other cities of similar population sizes are much cleaner. For example, World Bank data from 1995 indicates that for a
23 2019-03-26 154.24 KB A Companion to Urban Economics Arnott and McMillen Chapter 3.pdf
C H A P T E R T H R E E The First Cities 3.1 INTRODUCTION This essay explores the origins of the world’s first cities, which evolved in different parts of Southwest Asia. The city of Jericho developed in the Jordan Valley in the eighth millennium BC, with
24 2019-03-26 190.85 KB A Companion to Urban Economics Arnott and McMillen Chapter 30.pdf
C H A P T E R T H I R T Y Urban Crime, Race, and the Criminal Justice System in the United States 30.1 INTRODUCTION The impact of crime on general welfare is profound. Those most directly impacted are the victims of crime. By one estimate, the combination
25 2019-03-26 831.38 KB A Companion to Urban Economics Arnott and McMillen Chapter 31.pdf
C H A P T E R T H I R T Y - O N E Ethnic Segregation and Ghettos 31.1 INTRODUCTION For, indeed any city, however small, is in fact divided into two, one the city of the poor the other of the rich; these are at war with one another; and in either there
26 2019-03-26 331.57 KB A Companion to Urban Economics Arnott and McMillen Chapter 4.pdf
C H A P T E R F O U R Cross-Country Patterns of Urban Development 4.1 INTRODUCTION Urban economists love to suggest the following thought experiment to students. Consider a world without cities. More specifically, suppose that the world’s population was
27 2019-03-26 1.28 MB A Companion to Urban Economics Arnott and McMillen Chapter 5.pdf
C H A P T E R F I V E The Spatial Pattern of Land Use in the United States 5.1 INTRODUCTION There is currently great interest in understanding and managing the impacts of land-use changes on individual and social well-being.
28 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.
29 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?
30 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
31 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.

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