This Second Edition arms real estate professionals with a comprehensive approach to the economic factors that both define and affect modern urban areas. The text considers the economics of cities as a whole, instead of separating them. Emphasis is placed on economic theory and empirical studies that are based in economic theory. The book also explores the policy lessons that can be drawn from the use of economics to understand urban areas. Real estate professionals will find new coverage of urban areas around the world to provide a global perspective.Local governments in many cities are involved in providing sports stadiums for the hometown major league teams. ... has examined the economics of these projects, and generally finds that they do not provide measurable benefits to the city in excess of costs. Let us ... is a separate company set up to finance and to operate the ballpark, and is distinct from the New York Yankees Baseball Club ( the team).
|Title||:||Urban Economics and Real Estate|
|Author||:||John F. McDonald, Daniel P. McMillen|
|Publisher||:||John Wiley & Sons - 2010-03-29|