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Sprawl and blight

Brueckner, Jan Keith / Helsley, Robert W.

The objective of this paper is to show how the same market failures that contribute to urban sprawl also contribute to urban blight. The paper develops a simple dynamic model in which new suburban and older central-city properties compete for mobile residents. The level of housing services generated by older properties depends on current maintenance or reinvest-ment expenditures. In this setting, market failures that reduce the cost of occupying suburban locations, thus leading to excessive suburban development, also depress central-city housing prices and undermine maintenance incentives, leading to deficient levels of central-city rein-vestment. Corrective policies that shift population from the suburbs to the center result in higher levels of reinvestment in central-city housing, therefore reducing blight.

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Sprawl and blight

Brueckner, Jan Keith / Helsley, Robert W.

The objective of this paper is to show how the same market failures that contribute to urban sprawl also contribute to urban blight. The paper develops a simple dynamic model in which new suburban and older central-city properties compete for mobile residents. The level of housing services generated by older properties depends on current maintenance or reinvest-ment expenditures. In this setting, market failures that reduce the cost of occupying suburban locations, thus leading to excessive suburban development, also depress central-city housing prices and undermine maintenance incentives, leading to deficient levels of central-city rein-vestment. Corrective policies that shift population from the suburbs to the center result in higher levels of reinvestment in central-city housing, therefore reducing blight.

Sprawl and blight

Brueckner, Jan Keith / Helsley, Robert W.

The objective of this paper is to show how the same market failures that contribute to urban sprawl also contribute to urban blight. The paper develops a simple dynamic model in which new suburban and older central-city properties compete for mobile residents. The level of housing services generated by older properties depends on current maintenance or reinvest-ment expenditures. In this setting, market failures that reduce the cost of occupying suburban locations, thus leading to excessive suburban development, also depress central-city housing prices and undermine maintenance incentives, leading to deficient levels of central-city rein-vestment. Corrective policies that shift population from the suburbs to the center result in higher levels of reinvestment in central-city housing, therefore reducing blight.

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Titel:

Sprawl and blight

Beteiligte:

Brueckner, Jan Keith (Autor:in) / Helsley, Robert W. (Autor:in)

Erscheinungsdatum:

01.01.2009

Medientyp:

Paper

Format:

Elektronische Ressource

Sprache:

Englisch

Schlagwörter:

Urbanisierung , Theorie , Kommunalplanung , ddc:330 , Städtischer Niedergang , blight , R00 , market failures , Stadtzentrum , urban sprawl , Wohnstandort , Standortwettbewerb , Marktversagen

Klassifikation:

DDC: 330 / 710

Lizenzbestimmungen:

http://www.econstor.eu/dspace/Nutzungsbedingungen

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