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A theory driven, spatially explicit agent-based simulation to model the economic and social implications of urban regeneration

Abstract

We model the economic mechanics of housing regeneration employing the rent-gap theory proposed by Neil Smith in 1979. We discuss the conditions for successful regeneration in theory, using an abstract representation of a city, then try and evaluate the possible outcomes of an actual regeneration programme in Salford, England in terms of property prices and area social composition

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