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Cities and the Urban Land Premium (Hardcover)
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Cities and the Urban Land Premium (Hardcover)
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This is an excellent book built around an analysis of uniquely
detailed datasets and providing very clear empirical insights to a
range of important analytical questions in urban economics. The
relevance of the book goes well beyond Europe to the wider
international arena and exposition is so clear that the book serves
a dual purpose - it can be used both to throw light on the empirics
of key issues while at the same time it can also serve as a
teaching book. Highly recommended.' - Philip McCann, University of
Groningen, the Netherlands'Cities are back and so is urban
economics. This book documents and explains the resurgence of
cities in general and Dutch cities in particular: this is
refreshing given the almost total concentration of recent analysis
on the US and to a lesser extent the UK. Not only is there a clear
account of what agglomeration economies mean and how they reveal
themselves in Dutch cities, particularly Amsterdam, but there is a
proper emphasis on the consumption aspects of cities. People like
them, they like living in them and they benefit from that. It is
not all about cities making workers more productive. Another
excellent feature of this book is that it gives proper emphasis to
land markets and how the good things cities generate get reflected
in the price of land and housing. Nor is it all about abstract
models and the private sector - there is proper emphasis on the
importance of good urban governance and how it can be effectively
paid for. The book is accessible and illustrated with great
diagrams and maps. It is a good read for all interested in modern
urban development.' - Paul C. Cheshire, London School of Economics
and Political Science, UK 'Cities and the Urban Premium advances
our understanding of urban phenomena through the detailed
quantitative description of the characteristics and evolution of
the urban system in the Netherlands. Its scope and use of the
latest theories and ideas in urban economics, effectively
translated to the practical concerns of policy makers in the
specific context of the Netherlands, make it a unique book. One
that should be an invaluable companion of everyone involved in
urban policy.' - Esteban Rossi-Hansberg, Princeton University, US
After a long period of suburbanization, cities have been in vogue
again since the 1980s. But why are people prepared to spend far
more money on a small house in the city centre than on a large
house in the countryside - and why doesn't this apply to all
cities? The authors of this book argue that the appeal of the city
in the 21st century is not only determined by the production side
of the economy, but also by the consumption side: its array of
shops, cultural activities and, for example, an historic city
center. All these factors translate into a huge disparity in land
prices as well as different wages for urban and rural citizens.
This study maps out these variations, with an economic approach to
spatial planning and an emphasis on land rents as a basis for
cost-benefit analysis. The use of land prices as a reflection of
the appreciation for urban amenities is an ideal measurement tool
in the cost-benefit analyses for local investments and spatial
planning policies, and sheds new light on the organization of
public administration. This accessible book will be of interest to
geographers, economists and social scientists, as well as
policymakers involved in urban planning, seeking an in-depth
understanding of land prices and the increasing importance of
cities in the 21st century.
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