Central and local governments around the world are seeking investments from private firms tocreate smart city solutions. Motivated by this, we model an investor and a local governmentwith a Stackelberg game. The investor has a CARA (or exponential) utility function and she hasan option to...

We exploit the public good attributes of information and communication technologies (ICTs) and theoretically analyze an aggregate economy of two smart cities in which ICTs are provided in either a decentralized or a centralized manner. We first determine the efficient ICT levels that maximize...

In this paper, the author argues that the development of the so-called smart city term and practices on its use in planning inner cities is intimately bound up with required current urban transformations. In particular, with the notion of urban governance, which encompasses economic...