In a previous paper we demonstrated that spatial variation in characteristic time, defined as the time between acquisition of property rights and the realization of returns, can lead to leapfrogging and scattered development, especially during periods that interest rates are low or negligible....

The ability of cities to recuperate from disturbances and return to their evolutionary pathways depends, first and foremost, on the type of damage that the shock created. But in addition, it depends on how information is transmitted in the urban system and on how noise filters distort the...

The paper presents agent-based model and simulations of the evolution of land developers' industry in a city regulated by a land use plan. We start with developers who are homogeneous in terms of wealth and simulate their economic growth as they make investments in lands and accumulate profits...

Economic disparities among cities and regions persist and in some cases are increasing. To promote development of lagging economies, extant policies focus on the lagging regions and attempt to create conditions that are attractive to the immigration of capital, labor and above all knowledge. We...

The paper is concerned with the formation of polycentric cities. The model we introduce includes two types of developers and planning authorities. Developers’ characteristics, such as scale of operations, availability of own-capital and time preferences lead to various decisions concerning the...

While an ever-growing percentage of the world’s population is urban, the rate at which cities grow is not uniform. The lifetime of individual cities includes periods of fast growth, slow growth and periods of shrinkage. There exists an extensive literature concerned with possible means to...