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Paying for expansion versus replacement costs: infrastructure provision for efficient urban growth
Abstract This paper aims to extend the urban growth model to address issues of managing urban growth with regard to different types of public infrastructure. The finding indicates that the interplay between the provision of infrastructure and the efficient rate of urban growth depends on the attributes of public infrastructure. With congestible facilities, imposition of an efficient fee designed to counterbalance the externality effects on the urban amenity will induce the city less dispersed, leading to efficient urban growth. On the other hand, in the case of incrementally expandable facilities, a dual obligation regime, under which new residents have to pay for the replacement as well as expansion costs of infrastructure, can ensure the efficient growth of the city. By contrast, with lumpy infrastructure, efficiency in urban growth is attainable when new residents bear the expansion costs only, with the entire burden of replacing the outdated parts left on existing residents. The difference in efficiency condition between incremental facilities and lumpy infrastructure is validated with recourse to the unique attributes of relevant infrastructure and the external confirmation.
Paying for expansion versus replacement costs: infrastructure provision for efficient urban growth
Abstract This paper aims to extend the urban growth model to address issues of managing urban growth with regard to different types of public infrastructure. The finding indicates that the interplay between the provision of infrastructure and the efficient rate of urban growth depends on the attributes of public infrastructure. With congestible facilities, imposition of an efficient fee designed to counterbalance the externality effects on the urban amenity will induce the city less dispersed, leading to efficient urban growth. On the other hand, in the case of incrementally expandable facilities, a dual obligation regime, under which new residents have to pay for the replacement as well as expansion costs of infrastructure, can ensure the efficient growth of the city. By contrast, with lumpy infrastructure, efficiency in urban growth is attainable when new residents bear the expansion costs only, with the entire burden of replacing the outdated parts left on existing residents. The difference in efficiency condition between incremental facilities and lumpy infrastructure is validated with recourse to the unique attributes of relevant infrastructure and the external confirmation.
Paying for expansion versus replacement costs: infrastructure provision for efficient urban growth
Cho, Cheol-Joo (Autor:in)
2009
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
BKL:
83.64$jRegionalwirtschaft
/
74.12
Stadtgeographie, Siedlungsgeographie
/
38.00$jGeowissenschaften: Allgemeines
/
38.00
Geowissenschaften: Allgemeines
/
83.64
Regionalwirtschaft
/
74.12$jStadtgeographie$jSiedlungsgeographie
RVK:
ELIB39
/
ELIB18
/
ELIB45
Lokalklassifikation FBW:
oek 4450
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