Henderson, J. Vernon 
ORCID: 0000-0002-0985-9415 and Thisse, Jacques-François
(2001)
On strategic community development.
Journal of Political Economy, 109 (3).
pp. 546-568.
ISSN 0022-3808
Abstract
This paper examines strategic behavior of developers who, through offering different congested public‐good packages and revenue/fiscal schemes, compete for residents who are differentiated by income. There is an endogenous determination of numbers and sizes of communities. Developers have an incentive to strongly differentiate their public‐good offerings. In terms of pricing strategies, developers exhibit sharply contrasting behaviors. In low‐income communities, housing consumption is subsidized once lots are priced. In high‐income communities housing consumption is generally taxed.
| Item Type: | Article |
|---|---|
| Official URL: | http://www.press.uchicago.edu/ucp/journals/journal... |
| Additional Information: | © 2001 The University of Chicago |
| Divisions: | Geography & Environment |
| Subjects: | G Geography. Anthropology. Recreation > G Geography (General) H Social Sciences > HB Economic Theory |
| JEL classification: | R - Urban, Rural, and Regional Economics > R0 - General > R00 - General R - Urban, Rural, and Regional Economics > R1 - General Regional Economics > R11 - Regional Economic Activity: Growth, Development, and Changes |
| Date Deposited: | 11 Sep 2013 09:11 |
| Last Modified: | 15 Oct 2024 08:39 |
| URI: | http://eprints.lse.ac.uk/id/eprint/52080 |
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