| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11828 |
| DP11828 Rethinking Detroit | |
| Esteban Rossi-Hansberg; Pierre-Daniel Sarte; Raymond Owens | |
| 发表日期 | 2017-02-03 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | We study the urban structure of the City of Detroit. Following several decades of decline, the city's current urban structure is clearly not optimal for its size, with a business district immediately surrounded by a ring of largely vacant neighborhoods. We propose a model with residential externalities that features multiple equilibria at the neighborhood level. In particular, developing a residential area requires the coordination of developers and residents, without which it may remain vacant even if its fundamentals are sound. We embed this mechanism in a quantitative spatial economics model and use it to rationalize current city allocations. We then use the model to evaluate existing strategic visions to revitalize Detroit, and to design alternative plans that rely on `development guarantees' to yield better outcomes. The widespread effects of these policies underscore the importance of using a general equilibrium framework to evaluate policy proposals. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Cities Urban decline Urban structure Rustbelt Manufacturing Revitalization |
| URL | https://cepr.org/publications/dp11828 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540641 |
| 推荐引用方式 GB/T 7714 | Esteban Rossi-Hansberg,Pierre-Daniel Sarte,Raymond Owens. DP11828 Rethinking Detroit. 2017. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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