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Polycentric Spatial Development, Externalities and Cost-Benefit Analysis

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  • Jehiel, Philippe

Abstract

This 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.

Suggested Citation

  • Jehiel, Philippe, 1991. "Polycentric Spatial Development, Externalities and Cost-Benefit Analysis," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 25(3), pages 193-208, October.
  • Handle: RePEc:spr:anresc:v:25:y:1991:i:3:p:193-208
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    Cited by:

    1. 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.
    2. Michela Martinoia, 2014. "Local resources and territorial performance. Measures of natural, cultural and human capital," LIUC Papers in Economics 278, Cattaneo University (LIUC).
    3. Michela Martinoia & Tomaso Pompili, 2015. "Building synthetic indicators for aspects of territorial capital," LIUC Papers in Economics 290, Cattaneo University (LIUC).
    4. Haynes, Kingsley E. & Li, Ming, 2004. "Analytical Alternatives In Intelligent Transportation System (Its) Evaluation," Research in Transportation Economics, Elsevier, vol. 8(1), pages 127-149, January.

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