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This book focuses on the relationship between the state and economy
in the development of cities. It reviews and reinterprets
fundamental theoretical models that explain how the operation of
markets in equilibrium shapes the scale and organization of the
commercial city in a mixed market economy within a liberal state.
These models link markets for the factors of production, markets
for investment and fixed capital formation, markets for
transportation, and markets for exports in equilibrium both within
the urban economy and the rest of the world. In each case, the
model explains the urban economy by revealing how assumptions about
causes and structures lead to predictions about scale and
organization outcomes. By simplifying and contrasting these models,
this book proposes another interpretation: that governance and the
urban economy are outcomes negotiated by political actors motivated
by competing notions of commonwealth and the individual desire for
wealth and power. The book grounds its analysis in economic
history, explaining the rise of commercial cities and the emergence
of the urban economy. It then turns to factors of production,
export, and factor markets, introducing and parsing the Mills
model, breaking it down into its component parts and creating a
series of simpler models that can better explain the significance
of each economic assumption. Simplified models are also presented
for real estate and fixed capital investment markets,
transportation, and land use planning. The book concludes with a
discussion of linear programming and the Herbert- Stevens and the
Ripper-Varaiya models. A fresh presentation of the theories behind
urban economics, this book emphasizes the links between state and
economy and challenges the reader to see its theories in a new
light. As such, this book will be of interest to scholars,
students, and practitioners of economics, public policy, public
administration, urban policy, and city and urban planning. >
This book focuses on the relationship between the state and economy
in the development of cities. It reviews and reinterprets
fundamental theoretical models that explain how the operation of
markets in equilibrium shapes the scale and organization of the
commercial city in a mixed market economy within a liberal state.
These models link markets for the factors of production, markets
for investment and fixed capital formation, markets for
transportation, and markets for exports in equilibrium both within
the urban economy and the rest of the world. In each case, the
model explains the urban economy by revealing how assumptions about
causes and structures lead to predictions about scale and
organization outcomes. By simplifying and contrasting these models,
this book proposes another interpretation: that governance and the
urban economy are outcomes negotiated by political actors motivated
by competing notions of commonwealth and the individual desire for
wealth and power. The book grounds its analysis in economic
history, explaining the rise of commercial cities and the emergence
of the urban economy. It then turns to factors of production,
export, and factor markets, introducing and parsing the Mills
model, breaking it down into its component parts and creating a
series of simpler models that can better explain the significance
of each economic assumption. Simplified models are also presented
for real estate and fixed capital investment markets,
transportation, and land use planning. The book concludes with a
discussion of linear programming and the Herbert- Stevens and the
Ripper-Varaiya models. A fresh presentation of the theories behind
urban economics, this book emphasizes the links between state and
economy and challenges the reader to see its theories in a new
light. As such, this book will be of interest to scholars,
students, and practitioners of economics, public policy, public
administration, urban policy, and city and urban planning. >
This book provides a comprehensive, up-to-date, and expert
synthesis of location theory. What are the impacts of a firm's
geographic location on the locations of customers, suppliers, and
competitors in a market economy? How, when, and why does this
result in the clustering of firms in space? When and how is society
made better or worse off as a result? This book uses dozens of
locational models to address aspects of these three questions.
Classical location problems considered include Greenhut-Manne,
Hitchcock-Koopmans, and Weber-Launhardt. The book reinterprets
competitive location theory, focusing on the linkages between
Walrasian price equilibrium and the localization of firms. It also
demonstrates that competitive location theory offers diverse ideas
about the nature of market equilibrium in geographic space and its
implications for a broad range of public policies, including free
trade, industrial policy, regional development, and investment in
infrastructure. With an extensive bibliography and fresh,
interdisciplinary approach, the book will be an invaluable
reference for academics and researchers with an interest in
regional science, economic geography, and urban planning, as well
as policy advisors, urban planners, and consultants.
This book provides a comprehensive, up-to-date, and expert
synthesis of location theory. What are the impacts of a firm's
geographic location on the locations of customers, suppliers, and
competitors in a market economy? How, when, and why does this
result in the clustering of firms in space? When and how is society
made better or worse off as a result? This book uses dozens of
locational models to address aspects of these three questions.
Classical location problems considered include Greenhut-Manne,
Hitchcock-Koopmans, and Weber-Launhardt. The book reinterprets
competitive location theory, focusing on the linkages between
Walrasian price equilibrium and the localization of firms. It also
demonstrates that competitive location theory offers diverse ideas
about the nature of market equilibrium in geographic space and its
implications for a broad range of public policies, including free
trade, industrial policy, regional development, and investment in
infrastructure. With an extensive bibliography and fresh,
interdisciplinary approach, the book will be an invaluable
reference for academics and researchers with an interest in
regional science, economic geography, and urban planning, as well
as policy advisors, urban planners, and consultants.
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