D URING THE LAST TWENTY XEARS a large literature has emerged on the eco-nomics of
housing and housing markets. This development has been marked by the recognition that …

We provide an integrated treatment of the theoretical literature on urban land use inspired by
the monocentric model, including extensions that deal with multiple endogenous business …

This chapter examines certain of the developments in the application of economic theory
and in empirical and policy analysis with respect to housing markets in general and urban …

In a very simple model in which capital is durable and landowners have perfect foresight, the
price of urban land has four additive components: the value of agricultural land rent, the cost …

As part of a discussion on urban economics, Part 1 of the book reviews the development of
economic equilibrium theory concerning the housing market and incorporating stochastic …

This survey will review the current state of the art in neoclassical microeconomic modelling
of the housing sector in developed, mixed economies' as a basis for both describing its …

There is widespread public support for open space provision and for efforts to limit sprawl.
We demonstrate that open space policies should not be viewed as independent of—or …

This paper presents the first careful test of an equilibrium model of urban redevelopment. In
addition, it demonstrates a new methodology for recovering vacant urban land prices in …

This book was first published in 1977. Urban economics is a relatively young field of
economics; hardly existing except perhaps in real estate and land economics curricula …

An economic theory of sprawl in a growing, monocentric city is presented. Where decision-
makers have perfect foresight, leapfrog development and discontinuous land-rent functions …