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"Urban Economics" (9th Edition) by Arthur O'Sullivan provides a comprehensive analysis of urban economic dynamics, focusing on the factors influencing city development, land use, and urban issues. Below is a chapter-wise summary of the book:
Part I: Introduction and Key Concepts
Chapter 1: Introduction
o Introduces the field of urban economics, discussing the role of cities in economic development and the importance of studying urban issues.
Chapter 2: Key Concepts of Urban Economics
o Covers fundamental economic principles relevant to urban settings, including supply and demand, market equilibrium, and externalities.
Part II: Market Forces in the Development of Cities
Chapter 3: Trading and Factory Towns
o Explores the historical development of cities centered around trade and manufacturing, analyzing how these functions influence urban growth.
Chapter 4: Agglomeration Economies
o Discusses the benefits firms and individuals gain by locating near each other, such as reduced transportation costs and enhanced knowledge spillovers.
Chapter 5: Where Do Cities Develop?
o Examines the geographical and economic factors that determine city locations, including natural resources, transportation networks, and policy decisions.
Chapter 6: Consumer Cities and Central Place Theory
o Analyzes cities that primarily serve as centers for consumption and services, applying central place theory to understand their spatial organization.
Chapter 7: Cities in a Regional Economy
o Investigates the interdependence of cities within a region, focusing on trade, migration, and economic complementarities.
Chapter 8: The Urban Labor Market
o Explores the dynamics of labor supply and demand in urban areas, addressing questions about employment, wage determination, and the impact of policies on urban labor markets.
Part III: Urban Land Use and Housing
Chapter 9: Land Rent and Manufacturing Land Use
o Analyzes how land rents are determined and their impact on the spatial distribution of manufacturing activities within cities.
Chapter 10: Office Space and Tall Buildings
o Examines the economics behind the development of office spaces and high-rise buildings, considering factors like land scarcity and technological advancements.
Chapter 11: Housing Prices and Residential Land Use
o Investigates the determinants of housing prices and the allocation of land for residential purposes, including zoning laws and market demand.
Chapter 12: Distribution of Jobs and People
o Studies the spatial distribution of employment and population within urban areas, exploring patterns like suburbanization and urban sprawl.
Chapter 13: The Monocentric City and Urban General Equilibrium
o Introduces the monocentric city model, explaining how a single central business district influences urban structure and equilibrium.
Chapter 14: Neighborhoods
o Focuses on the formation and evolution of neighborhoods, considering factors such as income distribution, ethnic composition, and local amenities.
Chapter 15: Land Policy
o Discusses government interventions in land markets, including land use regulations, zoning policies, and urban planning initiatives.
Chapter 16: Urban Housing
o Addresses issues in urban housing markets, such as affordability, housing quality, and the effects of public housing policies.
Part IV: Urban Transportation
Chapter 17: Cars and Roads
o Analyzes the economics of automobile use and road infrastructure, including congestion, pollution, and policies like tolls and congestion pricing.
Chapter 18: Public Transit
o Evaluates the role of public transportation systems in urban areas, discussing their benefits, costs, and impact on urban form and accessibility.
Part V: Local Government, Education, and Crime
Chapter 19: Role of Local Government
o Explores the functions of local governments in urban settings, including service provision, taxation, and intergovernmental relations.
Chapter 20: Local Government Revenue
o Examines the sources of revenue for local governments, such as property taxes, sales taxes, and intergovernmental transfers, and their implications for urban services.
Chapter 21: Education
o Investigates the economics of urban education systems, addressing issues like school funding, quality disparities, and the impact of education on urban economic development.
Chapter 22: Crime
o Analyzes the economic factors contributing to urban crime, the costs of crime to cities, and the effectiveness of various crime prevention policies.
This structured approach provides readers with a thorough understanding of urban economic principles, the factors shaping city development, and the policy challenges faced by urban areas.
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