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: | Venables, A, Henderson, J, Regan, T |
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Format: | Working paper |
Published: |
University of Oxford
2019
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