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Spatial Growth and Redevelopment with Perfect Foresight and Durable Housing

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  • Braid, Ralph M.
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    Article provided by Elsevier in its journal Journal of Urban Economics.

    Volume (Year): 49 (2001)
    Issue (Month): 3 (May)
    Pages: 425-452

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    Handle: RePEc:eee:juecon:v:49:y:2001:i:3:p:425-452

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    Web page: http://www.elsevier.com/locate/inca/622905

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    1. Arnott, Richard & Davidson, Russell & Pines, David, 1983. "Housing Quality, Maintenance and Rehabilitation," Review of Economic Studies, Wiley Blackwell, Wiley Blackwell, vol. 50(3), pages 467-94, July.
    2. Rosenthal Stuart S. & Helsley Robert W., 1994. "Redevelopment and the Urban Land Price Gradient," Journal of Urban Economics, Elsevier, Elsevier, vol. 35(2), pages 182-200, March.
    3. Braid, Ralph M., 1991. "Residential spatial growth with perfect foresight and multiple income groups," Journal of Urban Economics, Elsevier, Elsevier, vol. 30(3), pages 385-407, November.
    4. Wheaton, William C., 1982. "Urban spatial development with durable but replaceable capital," Journal of Urban Economics, Elsevier, Elsevier, vol. 12(1), pages 53-67, July.
    5. White, Michelle J., 1988. "Location choice and commuting behavior in cities with decentralized employment," Journal of Urban Economics, Elsevier, Elsevier, vol. 24(2), pages 129-152, September.
    6. Anas, Alex, 1978. "Dynamics of urban residential growth," Journal of Urban Economics, Elsevier, Elsevier, vol. 5(1), pages 66-87, January.
    7. Miyao, Takahiro, 1977. "The golden rule of urban transportation investment," Journal of Urban Economics, Elsevier, Elsevier, vol. 4(4), pages 448-458, October.
    8. Amin Kaushik & Capozza Dennis R., 1993. "Sequential Development," Journal of Urban Economics, Elsevier, Elsevier, vol. 34(2), pages 142-158, September.
    9. Arnott, Richard J., 1980. "A simple urban growth model with durable housing," Regional Science and Urban Economics, Elsevier, Elsevier, vol. 10(1), pages 53-76, March.
    10. Sheshinski, Eytan & Weiss, Yoram, 1977. "Inflation and Costs of Price Adjustment," Review of Economic Studies, Wiley Blackwell, Wiley Blackwell, vol. 44(2), pages 287-303, June.
    11. Brueckner, Jan K., 1981. "A dynamic model of housing production," Journal of Urban Economics, Elsevier, Elsevier, vol. 10(1), pages 1-14, July.
    12. Wheaton, William C., 1974. "A comparative static analysis of urban spatial structure," Journal of Economic Theory, Elsevier, Elsevier, vol. 9(2), pages 223-237, October.
    13. Braid, Ralph M., 1988. "Optimal spatial growth of employment and residences," Journal of Urban Economics, Elsevier, Elsevier, vol. 24(2), pages 227-240, September.
    14. Brueckner, Jan K. & von Rabenau, Burkhard, 1981. "Dynamics of land-use for a closed city," Regional Science and Urban Economics, Elsevier, Elsevier, vol. 11(1), pages 1-17, February.
    15. Braid, Ralph M., 1988. "Uniform spatial growth with perfect foresight and durable housing," Journal of Urban Economics, Elsevier, Elsevier, vol. 23(1), pages 41-59, January.
    16. Munneke, Henry J., 1996. "Redevelopment Decisions for Commercial and Industrial Properties," Journal of Urban Economics, Elsevier, Elsevier, vol. 39(2), pages 229-253, March.
    17. Capozza, Dennis R. & Helsley, Robert W., 1989. "The fundamentals of land prices and urban growth," Journal of Urban Economics, Elsevier, Elsevier, vol. 26(3), pages 295-306, November.
    18. Hochman, Oded & Pines, David, 1982. "Costs of Adjustment and the Spatial Pattern of a Growing Open City," Econometrica, Econometric Society, Econometric Society, vol. 50(6), pages 1371-91, November.
    19. Capozza, Dennis R. & Helsley, Robert W., 1990. "The stochastic city," Journal of Urban Economics, Elsevier, Elsevier, vol. 28(2), pages 187-203, September.
    20. Sasaki, Komei, 1990. "An alternative version of a vintage model of an urban housing market," Journal of Urban Economics, Elsevier, Elsevier, vol. 28(2), pages 125-139, September.
    21. Cooke, Timothy W. & Hamilton, Bruce W., 1984. "Evolution of urban housing stocks: A model applied to Baltimore and Houston," Journal of Urban Economics, Elsevier, Elsevier, vol. 16(3), pages 317-338, November.
    22. Wheaton, William C., 1982. "Urban residential growth under perfect foresight," Journal of Urban Economics, Elsevier, Elsevier, vol. 12(1), pages 1-21, July.
    23. Bar-Ilan, Avner & Strange, William C., 1996. "Urban Development with Lags," Journal of Urban Economics, Elsevier, Elsevier, vol. 39(1), pages 87-113, January.
    24. Fujita, Masahisa, 1982. "Spatial patterns of residential development," Journal of Urban Economics, Elsevier, Elsevier, vol. 12(1), pages 22-52, July.
    25. T Akita & M Fujita, 1982. "Spatial development processes with renewal in a growing city," Environment and Planning A, Pion Ltd, London, Pion Ltd, London, vol. 14(2), pages 205-223, February.
    26. Brueckner, Jan K., 1986. "A switching regression analysis of urban population densities," Journal of Urban Economics, Elsevier, Elsevier, vol. 19(2), pages 174-189, March.
    27. Brueckner, Jan K., 1980. "A vintage model of urban growth," Journal of Urban Economics, Elsevier, Elsevier, vol. 8(3), pages 389-402, November.
    28. Fujita, Masahisa, 1976. "Spatial patterns of urban growth: Optimum and market," Journal of Urban Economics, Elsevier, Elsevier, vol. 3(3), pages 209-241, July.
    29. Capozza, Dennis & Li, Yuming, 1994. "The Intensity and Timing of Investment: The Case of Land," American Economic Review, American Economic Association, American Economic Association, vol. 84(4), pages 889-904, September.
    30. Arnott, Richard & Davidson, Russell & Pines, David, 1986. "Spatial aspects of housing quality, density, and maintenance," Journal of Urban Economics, Elsevier, Elsevier, vol. 19(2), pages 190-217, March.
    31. Samuelson, Paul A, 1976. "Economics of Forestry in an Evolving Society," Economic Inquiry, Western Economic Association International, Western Economic Association International, vol. 14(4), pages 466-92, December.
    32. Brueckner, Jan K., 1980. "Residential succession and land-use dynamics in a vintage model of urban housing," Regional Science and Urban Economics, Elsevier, Elsevier, vol. 10(2), pages 225-240, June.
    33. Harrison, David Jr. & Kain, John F., 1974. "Cumulative urban growth and urban density functions," Journal of Urban Economics, Elsevier, Elsevier, vol. 1(1), pages 61-98, January.
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    Cited by:
    1. McFarlane, Alastair, 2003. "Rent stabilization and the long-run supply of housing," Regional Science and Urban Economics, Elsevier, Elsevier, vol. 33(3), pages 305-333, May.
    2. Jan K. Brueckner & Stuart S. Rosenthal, 2009. "Gentrification and Neighborhood Housing Cycles: Will America's Future Downtowns Be Rich?," The Review of Economics and Statistics, MIT Press, MIT Press, vol. 91(4), pages 725-743, November.
    3. Richard Arnott & Petia Petrova, 2002. "The Property Tax as a Tax on Value: Deadweight Loss," IDEP Working Papers, Institut d'economie publique (IDEP), Marseille, France 0203, Institut d'economie publique (IDEP), Marseille, France, revised Apr 2002.
    4. Sims, Katharine R.E. & Schuetz, Jenny, 2009. "Local regulation and land-use change: The effects of wetlands bylaws in Massachusetts," Regional Science and Urban Economics, Elsevier, Elsevier, vol. 39(4), pages 409-421, July.
    5. Jan K. Brueckner & Stuart S. Rosenthal, 2005. "Gentrification and Neighborhood Housing Cycles: Will America’s Future Downtowns Be Rich?," Working Papers, University of California-Irvine, Department of Economics 050611, University of California-Irvine, Department of Economics.
    6. Kono, Tatsuhito & Kotoku, Toshiaki & Otazawa, Toshimori, 2012. "Residential land use with demographic dynamics of young and old generations," Journal of Housing Economics, Elsevier, Elsevier, vol. 21(4), pages 283-295.
    7. Wei-Bin Zhang, 2009. "A small open interregional monetary spatial economic growth with the MIU approach," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 56, pages 210-234, November.
    8. Alastair McFarlane, 2001. "Rent stabilization and the long-run supply of housing," Urban/Regional, EconWPA 0109001, EconWPA.
    9. Dominique Prunetti & Alexandre Muzy & Eric Innocenti & Xavier Pieri, 2014. "Utility-based Multi-agent System with Spatial Interactions: The Case of Virtual Estate Development," Computational Economics, Society for Computational Economics, Society for Computational Economics, vol. 43(3), pages 271-299, March.
    10. Elena G. Irwin, 2010. "New Directions For Urban Economic Models Of Land Use Change: Incorporating Spatial Dynamics And Heterogeneity," Journal of Regional Science, Wiley Blackwell, Wiley Blackwell, vol. 50(1), pages 65-91.
    11. Liu Hongyu & Yun W. Park & Zheng Siqi, 2002. "The Interaction between Housing Investment and Economic Growth in China," International Real Estate Review, Asian Real Estate Society, Asian Real Estate Society, vol. 5(1), pages 40-60.
    12. Bun Lee & Eui-Chul Chung & Yong Kim, 2004. "Dwelling Age, Redevelopment, and Housing Prices: The Case of Apartment Complexes in Seoul," The Journal of Real Estate Finance and Economics, Springer, Springer, vol. 30(1), pages 55-80, October.

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