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Discussion paper
... taste for trips out of town urban sprawl and access to open space abstract residential development at the urban fringe raises the cost of ... ensures that true open space is not provided within the urban fringe. see lee and fujita (1999) for a more general model ... good from it. hence, condition (5) implies that at the urban fringe, the willingness to pay for residential land should exceed the ...
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2
... . (14) we denote 0 b r the urban fringe in the situation in which the industrial site is not converted and 1 b r the urban fringe if the project is executed. for the ... demand, the redevelopment project does not reduce development at the urban fringe at all. the presence of agglomeration externalities renders development at the urban fringe more attractive, which is partly reflected in the price ...
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