Building the city: from slums to a modern metropolis
We model the building of a city, estimate parameters of the model, and calculate welfare losses from institutional frictions encountered in changing land-use. We distinguish formal and slum construction technologies; in contrast to slums, formal structures can be built tall, are durable, and non-mal...
Main Authors: | , , |
---|---|
Format: | Journal article |
Language: | English |
Published: |
Oxford University Press
2020
|