Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/124445
Authors: 
Almagor, Jonatan
Benenson, Itzhak
Czamanski, Daniel
Year of Publication: 
2014
Series/Report no.: 
54th Congress of the European Regional Science Association: "Regional development & globalisation: Best practices", 26-29 August 2014, St. Petersburg, Russia
Abstract: 
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 from construction. Over time some developers accumulate wealth enabling them to make investments and to take risks. We demonstrate that the introduction of advantage to size in purchasing parcels of land for future development and obtaining construction permits create a positive feed-back effects that increases the divergence between big and small developers. The interaction between developers' decisions regarding the location of land purchases and planner's approvals of piecemeal construction permits and comprehensive updates of zoning result in bifurcations of city structure that occur at times of plan modification and leads to a polycentric city.
Subjects: 
Developers' Industry
Agent Based Model
Urban development
Urban modeling
Document Type: 
Conference Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.