A NOTE ON THE USE OF AMENITIES TO ATTRACT CREATIVE CLASS MEMBERS TO A CITY

Amitrajeet Batabyal and Seung Jick Yoo ()
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Seung Jick Yoo: Associate Professor, Sookmyung Women's University, Seoul, Republic of Korea

Regional Science Inquiry, 2021, vol. XIII, issue 1, 11-14

Abstract: We study the decision problem faced by a city authority (CA) who seeks to attract members of the creative class to his city by providing amenities. Creative class members care about their own incomes and about the amenities that the city provides. We construct a stylized model of this interaction and shed light on three questions. First, we determine how much additional income must be paid to a representative creative class member to maintain her utility if amenities are withdrawn. Second, we compute the cost of generating amenity benefits that equal a specific fraction of the representative creative class member’s income. Finally, we discuss whether the provision of amenity benefits is a cost-effective way of raising the representative creative class member’s utility.

Keywords: Amenity Benefits; City Authority; Cost-Effectiveness; Creative Class; Income (search for similar items in EconPapers)
JEL-codes: R11 R50 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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http://www.rsijournal.eu/ARTICLES/June_2021/1.pdf (application/pdf)

Related works:
Working Paper: A Note on the Use of Amenities to Attract Creative Class Members to a City (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:hrs:journl:v:xiii:y:2021:i:1:p:11-14

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