Advanced Search
MyIDEAS: Login to save this paper or follow this series

Economics of discontinuous urban development (In French)

Contents:

Author Info

  • Guillaume POUYANNE (GREThA-GRES)

Abstract

Although it is frequent, discontinuous (leapfrog) development has rarely been addressed by the literature, because traditional models are unable to conceive diverse urban forms. This article is a survey of theoretical explanations of discontinuous development. It follows two parts. First, taking in account uncertainty on future returns drives to include an option value in land prices. Landlords speculate on the future value of the land and may leave vacant their plot in order to take advantage of high future returns. Second, discontinuous development is the product of a preference for open space. Natural amenities are included in land prices and provoke a dispersion of developed lots. These mechanisms are reinforced by a vote “against growth” by the inhabitants, which drives to a severe control of new developments.

Download Info

If 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.
File URL: http://cahiersdugres.u-bordeaux4.fr/2008/2008-06.pdf
Download Restriction: no

Bibliographic Info

Paper provided by Groupement de Recherches Economiques et Sociales in its series Cahiers du GRES with number 2008-06.

as in new window
Length:
Date of creation: 2008
Date of revision:
Handle: RePEc:grs:wpegrs:2008-06

Contact details of provider:
Web page: http://gres.u-bordeaux4.fr/
More information through EDIRC

Related research

Keywords: discontinuous development; leapfrog development; speculation; amenities; urban sprawl; urban form;

Other versions of this item:

Find related papers by JEL classification:

This paper has been announced in the following NEP Reports:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Plantinga, Andrew J. & Lubowski, Ruben N. & Stavins, Robert N., 2002. "The effects of potential land development on agricultural land prices," Journal of Urban Economics, Elsevier, vol. 52(3), pages 561-581, November.
  2. CAVAILHÈS, Jean & PEETERS, Dominique & SÉKERIS, Evangelos & THISSE, Jacques-François, . "La ville périurbaine," CORE Discussion Papers RP -1601, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  3. Matthew Turner, 2003. "Landscape Preferences and Patterns of Residential Development," Working Papers mturner-03-01, University of Toronto, Department of Economics.
  4. Wu, JunJie, 2006. "Environmental amenities, urban sprawl, and community characteristics," Journal of Environmental Economics and Management, Elsevier, vol. 52(2), pages 527-547, September.
  5. Titman, Sheridan, 1985. "Urban Land Prices under Uncertainty," American Economic Review, American Economic Association, vol. 75(3), pages 505-14, June.
  6. BRUECKNER, Jan K. & THISSE, Jacques-François & ZENOU, Yves, . "Why is central Paris rich and downtown Detroit poor? An amenity-based theory," CORE Discussion Papers RP -1370, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  7. François Ortalo-Magné & Andrea Prat, 2005. "The Political Economy of Housing Supply," Levine's Bibliography 122247000000000954, UCLA Department of Economics.
  8. François Ortalo-Magné & Andrea Prat, 2007. "The political economy of housing supply: homeowners, workers, and voters," LSE Research Online Documents on Economics 3678, London School of Economics and Political Science, LSE Library.
  9. Richard B. Peiser, 1989. "Density and Urban Sprawl," Land Economics, University of Wisconsin Press, vol. 65(3), pages 193-204.
  10. Camagni, Roberto & Gibelli, Maria Cristina & Rigamonti, Paolo, 2002. "Urban mobility and urban form: the social and environmental costs of different patterns of urban expansion," Ecological Economics, Elsevier, vol. 40(2), pages 199-216, February.
  11. Capozza, Dennis & Li, Yuming, 1994. "The Intensity and Timing of Investment: The Case of Land," American Economic Review, American Economic Association, vol. 84(4), pages 889-904, September.
  12. Andrew J. Plantinga & Douglas J. Miller, 2001. "Agricultural Land Values and the Value of Rights to Future Land Development," Land Economics, University of Wisconsin Press, vol. 77(1), pages 56-67.
  13. Capozza, Dennis R. & Helsley, Robert W., 1990. "The stochastic city," Journal of Urban Economics, Elsevier, vol. 28(2), pages 187-203, September.
  14. Elena G. Irwin, 2002. "Interacting agents, spatial externalities and the evolution of residential land use patterns," Journal of Economic Geography, Oxford University Press, vol. 2(1), pages 31-54, January.
  15. Yannis Ioannides, 2001. "Interactive Property Valuations," Discussion Papers Series, Department of Economics, Tufts University 0102, Department of Economics, Tufts University.
  16. Cécile Détang-Dessendre & Florence Goffette-Nagot & Virginie Piguet, 2004. "Life-cycle position and migration to urban and rural areas: estimations of a mixed logit model on French data," Working Papers 0403, Groupe d'Analyse et de Théorie Economique (GATE), Centre national de la recherche scientifique (CNRS), Université Lyon 2, Ecole Normale Supérieure.
  17. Wu, JunJie & Cho, Seong-Hoon, 2007. "The effect of local land use regulations on urban development in the Western United States," Regional Science and Urban Economics, Elsevier, vol. 37(1), pages 69-86, January.
  18. Capozza, Dennis R. & Helsley, Robert W., 1989. "The fundamentals of land prices and urban growth," Journal of Urban Economics, Elsevier, vol. 26(3), pages 295-306, November.
  19. Cheshire, Paul & Sheppard, Stephen, 1995. "On the Price of Land and the Value of Amenities," Economica, London School of Economics and Political Science, vol. 62(246), pages 247-67, May.
  20. Elena G. Irwin, 2002. "The Effects of Open Space on Residential Property Values," Land Economics, University of Wisconsin Press, vol. 78(4), pages 465-480.
  21. James C. Ohls & David Pines, 1975. "Discontinuous Urban Development and Economic Efficiency," Land Economics, University of Wisconsin Press, vol. 51(3), pages 224-234.
  22. De Palma, Andre & Motamedi, Kiarash & Picard, Nathalie & Waddell, Paul, 2007. "Accessibility and environmental quality: inequality in the Paris housing market," European Transport \ Trasporti Europei, ISTIEE, Institute for the Study of Transport within the European Economic Integration, issue 36, pages 47-74.
  23. Wu, JunJie & Plantinga, Andrew J., 2003. "The influence of public open space on urban spatial structure," Journal of Environmental Economics and Management, Elsevier, vol. 46(2), pages 288-309, September.
  24. Steven C. BOURASSA & Martin HOESLI & Jian SUN, 2003. "The Price of Aesthetic Externalities," FAME Research Paper Series rp98, International Center for Financial Asset Management and Engineering.
  25. Cunningham, Christopher R., 2006. "House price uncertainty, timing of development, and vacant land prices: Evidence for real options in Seattle," Journal of Urban Economics, Elsevier, vol. 59(1), pages 1-31, January.
  26. Mills, David E., 1981. "Growth, speculation and sprawl in a monocentric city," Journal of Urban Economics, Elsevier, vol. 10(2), pages 201-226, September.
  27. Ralph J. Alig & Robert G. Healy, 1987. "Urban and Built-Up Land Area Changes in the United States: An Empirical Investigation of Determinants," Land Economics, University of Wisconsin Press, vol. 63(3), pages 215-226.
  28. Bar-Ilan, Avner & Strange, William C., 1996. "Urban Development with Lags," Journal of Urban Economics, Elsevier, vol. 39(1), pages 87-113, January.
  29. Stéphanie Peres, 2009. "La vigne et la ville : forme urbaine et usage des sols," Post-Print hal-00448661, HAL.
Full references (including those not matched with items on IDEAS)

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:grs:wpegrs:2008-06. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Vincent Frigant).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.