Year: 1975
Author: Matzner, Egon
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 95 (1975), Iss. 1 : pp. 59–78
Abstract
Urban development is conceived as a problem of allocating activities of individuals of firms and of public authorities in space and time. The relevance of neoclassical theory is analyzed and recommandations for an urban interventionism derived: (1) Since essential assumptions of the neoclassical model are notoriously violated in urban areas „market failures" occur. An investigation of specific situations is necessary for appropriate interventions to be drafted. (2) These are to be aimed at targets formulated as indicators (norms) by application of Hägerstrand's Time-Space-Model. A political process, however, is needed to make them "acceptable". (3) As an economic criterion for evaluating urban interventions the concept of multi-objective-analysis is recommended.
Journal Article Details
Publisher Name: Global Science Press
Language: Multiple languages
DOI: https://doi.org/10.3790/schm.95.1.59
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 95 (1975), Iss. 1 : pp. 59–78
Published online: 1975-01
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 20