Coase, spatial pricing and self-organising cities

Auteurs :
WEBSTER, C.
WU, F.

Description :
The paper reports on a cellular automata simulation in which urban land transforms on the basis of locally optimal bargaining between developers and local communities. The space-time-specific paths to global equilibrium can be observed. This methodology is suitable for articulating microeconomic theories of urban processes including planning. The AA. present a simulation of cities evolving under two alternative planning regimes. At one level, the model articulates the Coasian invariance theorem. At another level, the results demonstrate that global equilibrium is not independent of property rights.


Type de document :
Article de périodique

Source :
Urban studies (Harlow), issn : 0042-0980, 2001, vol. 38, n°. 11, p. 2037-2054, Collation : Illustration, Références bibliographiques : 35 ref.

Date :
2001

Editeur :
Pays édition : Royaume-Uni, Harlow, Longman Group