This paper studies urban sustainability from the perspective of externalities. We develop a general spatial equilibrium … model of a monocentric city, in which two types of externalities occur. On the one hand, pollution in the industrial centre …

This paper is concerned with the economics of urban externalities. We start by reviewing the literature on urban … externalities, and observe that although many interesting contributions have been made, there seems to be sufficient scope and need … pursued in future research on urban externalities. These include (1) the explicit consideration of mutual interactions between …