Professor of Law at Arizona State University • Student of firms, cities & transportation (and Seinfeld) • Papers: ssrn.com/author=887547 • Newsletter: gregshill.substack.com • Cohost, Densely Speaking podcast http://www.denselyspeaking.com/ • gregshill.com
This is very interesting. After controlling for selection (i.e., self-sorting of more productive workers into cities), the authors find that between 1940 and 2010, the urban wage premium dropped by one half to two thirds (from 10-15% to under 5%).
#urbaneconNew in RSUE: The urban wage premium in historical perspective, by Kyle Butts, Taylor Jaworski, Carl T. Kitchens. #econsky #urbanecon
So much so that the ability to travel actually helps explain the modern grocery store. By definition, this program gives those who can travel a subsidy intended for those who can't. A "locals only" rule could address, if suboptimally. See this great paper by Wei You www.aeaweb.org/articles?id=...
The Economics of Speed: The Electrification of the Streetcar System and the Decline of Mom-and-Pop Stores in Boston, 1885–1905(October 2021) - Small firms dominated the American economy in the nineteenth century, and they still dominate in many developing economies today. This paper tests whether geographic market segmentati...www.aeaweb.orgBeijingPalmerat a very basic level, 'this grocery is 30 percent cheaper than other groceries' incentives people to *go to that grocery from outside of the neighborhood.* When you're trying to alleviate a food desert you may not actually want people coming in and clearing the shelves early.
Stambovsky v. Ackley, 169 A.D.2d 254 (N.Y. App. Div. 1991) (Smith, J., dissenting)
William B. Fuckleyyeah the place is haunted but the ghost sort of does his own thing, leave him alone, he leaves you alone. honestly if you're a heavy sleeper and the night noises don't bother you it's a great deal, especially considering the location.
This an interesting theory, but unfortunately containerization is once again the culprit. Globally we see trends where deep water ports gain on mid tier ports and bi lateral trade ends up routed through more select cities
Sean McKnightIf the Jones Act was never adopted, urbanization would not have been limited to deep water seaports. River ports would have grown at similar rate after 1920. St. Louis would be one of the biggest cities in the world. West Virginia would have remained a major manufacturing hub.
Not upzoning near this park is the equivalent of running rail in a highway median. Your design choice effectively sets a glass ceiling on community use/benefit. Highway rail is mostly limited to commuting and the mega park to occasional visits. Go big, people.
Greg ShillThere are historical reasons for siting big parks like Wilson Park in Detroit or Grant Park in Chicago along rivers & lakefronts. But doing so without permitting adjacent intensification of housing consigns them to occasional destination use rather than letting them blossom into everyday amenities.
To butcher an aphorism, no one ever went broke underestimating the public's willingness to travel for regular activities. Employment and education are the major exceptions; people will travel daily for these. You can't expect people to commute to a park.
Greg ShillFor a local amenity, being scenic isn't enough to trump proximity. A national park in an isolated place will attract "sufficient" visitors—specifically, many unique visitors—but a city park has a different mandate and should generate a lot of regular, repeat visits. You need people living nearby.
