TY - JOUR
T1 - Market vs social valuation of redevelopment projects in an urban setting
AU - Fishelson, Gideon
AU - Pines, David
N1 - Funding Information:
Acknowledgement-This research was supported by funds granted to the Foerder Institute for Economic Research by Bank Leumi Le-Israel.
PY - 1984
Y1 - 1984
N2 - A conventional urban model is employed to investigate the effect of urban renewal-which leads to an increase in the intensity of land use on the rent revenue from the area that is directly affected by the development. It is shown that rent revenue would increase when the project covers less than 80% of the city area. If it covers more than 80%, rents might be reduced. Hence, in the former case market forces can be relied upon as guides for socially desirable projects.
AB - A conventional urban model is employed to investigate the effect of urban renewal-which leads to an increase in the intensity of land use on the rent revenue from the area that is directly affected by the development. It is shown that rent revenue would increase when the project covers less than 80% of the city area. If it covers more than 80%, rents might be reduced. Hence, in the former case market forces can be relied upon as guides for socially desirable projects.
UR - http://www.scopus.com/inward/record.url?scp=0021557432&partnerID=8YFLogxK
U2 - 10.1016/0038-0121(84)90051-X
DO - 10.1016/0038-0121(84)90051-X
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AN - SCOPUS:0021557432
SN - 0038-0121
VL - 18
SP - 419
EP - 423
JO - Socio-Economic Planning Sciences
JF - Socio-Economic Planning Sciences
IS - 6
ER -
