City Land Use and Rent Dynamics with Location Externalities and Zoning Regulations: A Dynamic Spatial General Equilibrium Model

摘要: This paper develops a dynamic spatial general equilibrium model of urban environments to enable more land-use detail, population growth, and change dynamics applies it evaluate impacts externalities zoning regulations on markets. The new specification tracks not just different parcel sizes access attributes, but also various location that affect household firm decisions. allows for three sources dynamics, including demographic change, building stock conversion subject regulations, evolving externalities. is calibrated 38 zones across Austin, Texas; simulations highlight changes in land use, housing demand, rents, under four scenarios encompassing assumptions preferences regulations. Results suggest people’s rising demand mixed-use neighborhoods may improve diversity suburban areas lower low-density single-family region. Low-density Austin’s outer suburbs lead citywide job-housing imbalances sprawl. When the existing cannot be changed short term, promotion development moderate tendencies toward excessive