| 000 -LEADER |
|---|
| fixed length control field |
01379nam a22001577a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
|---|
| fixed length control field |
201125b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME |
|---|
| Personal name |
Raymond, Owens, Hansberg, E.R. and Sarte, P.D. |
| 245 ## - TITLE STATEMENT |
|---|
| Title |
Rethinking Detroit |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) |
|---|
| Place of publication, distribution, etc |
American Economic Journal : Economic Policy |
| 300 ## - PHYSICAL DESCRIPTION |
|---|
| Extent |
12(2), May, 2020: p.258-305 |
| 520 ## - SUMMARY, ETC. |
|---|
| Summary, etc |
This paper studies the urban structure of Detroit—one that is clearly not optimal for its size—which features a business district immediately surrounded by largely vacant neighborhoods. A model is presented where residential externalities lead to multiple equilibria at the neighborhood level. Specifically, neighborhood development requires the coordination of developers and residents, without which it may remain vacant even with sound fundamentals. Given this mechanism, existing strategic visions to revitalize Detroit are evaluated within a quantitative spatial model that can rationalize Detroit's current allocations. Alternative plans that rely on "development guarantees" are also considered and shown to yield better outcomes. – Reproduced
|
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name as entry element |
Real Estate, and Transportation Economics, Regional Migration, Regional Labor Markets; Population; Neighborhood Characteristics |
| 9 (RLIN) |
21456 |
| 773 ## - HOST ITEM ENTRY |
|---|
| Main entry heading |
American Economic Journal : Economic Policy |
| 906 ## - LOCAL DATA ELEMENT F, LDF (RLIN) |
|---|
| Subject DIP |
ECONOMIC ACTIVITY - REGIONAL |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) |
|---|
| Item type |
Articles |
