Exploring the Urban Model : Employment, Housing, and Infrastructure
The paper explores the properties of a modern urban model in which households’ and firms’ locations in the city are endogenously determined as functions of technology, preferences, and geography. This class of model provides insights into the facto...
| Main Authors: | , , |
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| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2022
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/undefined/665171643053889142/Exploring-the-Urban-Model-Employment-Housing-and-Infrastructure http://hdl.handle.net/10986/36880 |
| Summary: | The paper explores the properties of
a modern urban model in which households’ and firms’
locations in the city are endogenously determined as
functions of technology, preferences, and geography. This
class of model provides insights into the factors that
determine the shape and growth of cities. The paper
increases understanding by studying the comparative static
properties of the model, the effects of various policy
interventions, and the circumstances under which different
possible city types (mono- versus poly-centric) arise. It is
a step to tailoring model structure to adequately describe
real world cities of different sizes and types. |
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