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41 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.
42 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
43 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
44 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.
45 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
46 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
47 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
48 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
49 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
50 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.
51 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
52 2019-03-26 118.97 KB A Companion to the History of Economic Thought Chapter 1.pdf
C H A P T E R O N E Research Styles in the History of Economic Thought What is the history of economic thought? One could answer, paraphrasing Jacob Viner’s answer to the question “What is economics?,” that the history of thought is
53 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.

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