Urban construction activities are subject to periods of fast expansion followed by periods of slow growth. Some of these expansions are limited in size, while others are huge. Therefore, it is not surprising that equilibrium-oriented classical models of urban spatial structure are hard pressed...

In a recent paper Czamanski and Roth (2011 <i>Annals of Regional Science</i> <b>46</b> 101–118) demonstrated that, because the profitability of construction projects is influenced by variations in the time incidence of costs and revenues, despite declining willingness to pay and land gradients with distance...

In a previous paper (Czamanski and Roth in Ann Reg Sci 46(1):101–118, <CitationRef CitationID="CR2">2011</CitationRef>), we demonstrated that spatial variation in characteristic time can lead to leapfrogging and scattered development, especially in times when interest rates are low or negligible. We explained this result by modeling the...</citationref>