The Welfare Economics of Urban Structure
نویسندگان
چکیده
In defense of the sprawling, low-density development which increasingly characterizes modern cities, Gordon and Richardson (1986, 1996) argue that the urban spatial structure generated by market forces reflects the will of the people. Planners, in contrast, typically have little faith in either the efficiency or equity of market-determined outcomes, and advocate detailed land use planning. To evaluate these conflicting points of view we need to explore the welfare economics of urban land use.
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