Nonoptimal levels of suburbanization
AbstractSuburbanization has many causes, among which is the attempt to relocate to acquire a more desirable vector of local public goods. The traditional economists' procedure for valuing public goods involves vertical aggregation of marginal willingness to pay, at a given income level. This approach is flawed by failing to recognize that individuals will not work for goods that cannot be acquired individually with higher incomes. There will be a parallel input market failure any time there is a public good output market failure, thus the 'given income' of the traditional valuation method is too low. Hence, traditional valuation methods result in underprovision of local public goods (for example, parks, safety, education, and environmental quality) at the urban centers. As a consequence, there will be nonoptimally large levels of suburban sprawl with substantial resulting welfare loss.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Pion Ltd, London in its journal Environment and Planning A.
Volume (Year): 35 (2003)
Issue (Month): 2 (February)
Contact details of provider:
Web page: http://www.pion.co.uk
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Paul_Cheshire & Stefano_Magrini, 2004. "Population Growth in European Cities: weather matters – but only nationally," Urban/Regional, EconWPA 0410001, EconWPA.
- Cheshire, Paul & Sheppard, Stephen, 2004.
"Land markets and land market regulation: progress towards understanding,"
Regional Science and Urban Economics, Elsevier,
Elsevier, vol. 34(6), pages 619-637, November.
- P. C. Cheshire & Stephen Charles Sheppard, 2004. "Land markets and land market regulation : progress towards understanding," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library 566, London School of Economics and Political Science, LSE Library.
- Paul Cheshire & Stefano Magrini, 2005.
"Population Growth in European Cities - Weather Matters, but only Nationally,"
ERSA conference papers
ersa05p12, European Regional Science Association.
- Paul Cheshire & Stefano Magrini, 2006. "Population growth in European cities: Weather matters - but only nationally," Regional Studies, Taylor & Francis Journals, Taylor & Francis Journals, vol. 40(1), pages 23-37.
- Paul Cheshire & Stefano Magrini, 2005. "Population Growth in European Cities: weather matters – but only nationally," Urban/Regional, EconWPA 0506009, EconWPA.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Neil Hammond).
If references are entirely missing, you can add them using this form.