Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/295948 
Erscheinungsjahr: 
2024
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 16925
Verlag: 
Institute of Labor Economics (IZA), Bonn
Zusammenfassung: 
Demand externality generated by the agglomeration of commercial activities is a potential source of city formation. We study the impact of a large-scale urban redevelopment program involving the construction of a shopping complex at the center of Tokyo. The redevelopment program increased the land price and commercial building use in its neighborhood. It also increased the total sales of neighborhood firms but not their profits. We argue that the redevelopment program generated substantial demand externality but the benefit fell on the landlord.
Schlagwörter: 
demand externality
shopping externality
urban redevelopment program
JEL: 
R12
R14
R52
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
4.93 MB





Publikationen in EconStor sind urheberrechtlich geschützt.