Building the city: urban transition and institutional frictions
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: | , , |
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| Format: | Working paper |
| Published: |
University of Oxford
2019
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