Polycentric Spatial Development, Externalities and Cost-Benefit Analysis
AbstractThis article investigates the relevance of traditional cost-benefit analysis in the context of spatial development. More precisely, in a sequence of spatial models with two centers, we successively consider the impact of households' relocation and urban externalities (congestion, pollution) on the costs and benefits as far as transportation investments are concerned. A concept of effective externality is introduced and is shown to play a central role in evaluating the efficiency of equilibria with multiple centers.
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Bibliographic InfoArticle provided by Springer in its journal Annals of Regional Science.
Volume (Year): 25 (1991)
Issue (Month): 3 (October)
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Web page: http://link.springer.de/link/service/journals/00168/index.htm
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- Tomaso Pompili & Michela Martinoia, 2011. "Building Synthetic Indicators For Aspects Of Territorial Capital Towards Their Impact On Regional Performance," ERSA conference papers ersa11p1528, European Regional Science Association.
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