Limited Developers

Robert Helsley and William Strange

Canadian Journal of Economics, 1997, vol. 30, issue 2, 329-48

Abstract: This paper considers the role of developers in the formation of cities. Existing treatment of the location of economic activity between cities either ignore developers entirely (e.g. Stiglitz 1977) or endow them with limitless power (e.g., Henderson 1988). Reality lies somewhere in between; most cities have been partly shaped by the actions of developers, but even the largest developers are limited. In this paper organizational limits to developers are discussed, and a model of a system of cities is presented in which a land assembly problem may prevent developers from acquiring efficient amounts of land. We examine the consequences of land assembly for land prices, city sizes, and infrastructure provision. We show that limited developers may not attain an efficient allocation of resources.

Date: 1997
References: Add references at CitEc
Citations: View citations in EconPapers (26)

Downloads: (external link)
http://links.jstor.org/sici?sici=0008-4085%2819970 ... %3ALD%3E2.0.CO%3B2-O (text/html)
only available to JSTOR subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cje:issued:v:30:y:1997:i:2:p:329-48

Ordering information: This journal article can be ordered from
https://www.economic ... ionen/membership.php

Access Statistics for this article

Canadian Journal of Economics is currently edited by Zhiqi Chen

More articles in Canadian Journal of Economics from Canadian Economics Association Canadian Economics Association Prof. Werrner Antweiler, Treasurer UBC Sauder School of Business 2053 Main Mall Vancouver, BC, V6T 1Z2. Contact information at EDIRC.
Bibliographic data for series maintained by Prof. Werner Antweiler ().