Construct · 1 fields · 1 citations

stochastic city: a standalone construct

One name. One construct. A landmark on the map.

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Urban economics

an urban model in which uncertain rent growth gives land at the urban edge an option premium and delays its conversion to urban use.

In urban economics, stochastic city refers to an urban model in which uncertain rent growth gives land at the urban edge an option premium and delays its conversion to urban use. This meaning comes from Capozza (1990) in Journal of Urban Economics.[1]

Unit
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Nearby constructs

conversion5 fields · 5 citationsjingle · one word, four turnings edge5 fields · 5 citationsjingle · one word, five constructs growth4 fields · 4 citationsjingle · one word, four constructs

References

Capozza, D. R., & Helsley, R. W. (1990). The stochastic city. Journal of Urban Economics, 28(2), 187-203. https://doi.org/10.1016/0094-1190(90)90050-w

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