Yves Zenou

Course: Advanced Urban Economics

Lecture 1 

A non-technical presentation of land-use theory [PDF

Exercises [PDF] Answers [PDF]


DiPasquale, D. and W. Wheaton. Urban Economics and Real Estate Markets. Prentice Hall, Englewood Cliffs, NJ, 1996.

Lecture 2

The basic urban model with identical agents [PDF]


Brueckner, J., 1987, The Structure of Urban Equilibria: A Unified Treatment of the Muth-Mills Model, E.S. Mills (Ed.),

Handbook of Regional and Urban Economics, Vol. 2, Chap. 20, pp. 821-845. [PDF]

Fujita, M., 1989, Urban Economic Theory, Cambridge University Press.

Song, Y. and Y. Zenou (2006), Property tax and urban sprawl. Theory and implications for U.S. cities, Journal of Urban Economics, forthcoming. [PDF]

Optimality of the equilibrium allocation and comparative statics of the urban model (same slides as in Lecture 2)

Exercise 1 [PDF] Answers [PDF]

Exercise 2 [PDF] Answers [PDF] 

Exercise 3 [PDF] Answers [PDF] 

Exercise 4 [PDFAnswers [PDF]

Exercise 5 [PDFAnswers [PDF]


Lecture 3

The basic urban model with heterogeneous agents [PDF]

Additional Readings:

Y. Zenou and L. Eeckhoudt (1997), Bid rents under unemployment risk: delayed versus timeless uncertainty, Journal of Urban Economics 42, 42-63. [PDF]

The basic urban model with heterogeneous agents (continued)


Exercise 1 [PDF] Answers [PDF]

Exercise 2 [PDF] Answers [PDF] 

Exercise 3 [PDF] Answers [PDF] 


Lecture 4

Duocentric cities [PDF]

Exercise 1 [PDF] Answers [PDF]

Lecture 5

Urban unemployment: Efficiency Wages [PDF


Zenou, Y., Smith, T.E. (1995), Efficiency wages, involuntary unemployment and urban spatial structure, Regional Science and Urban Economics 25, 547-573. [PDF]

Urban unemployment: Efficiency Wages (continued)

Urban unemployment: Job search and job matching [PDF]

Lecture 6

Rural-urban migration [PDF


Harris, J.R., Todaro, M.P., 1970, Migration, unemployment and development: A two-sector analysis, American Economic Review 60, 126-142. [PDF]

Brueckner, J.K., Zenou, Y, 1999, Harris-Todaro models with a land market, Regional Science and Urban Economics 29, 317-339. [PDF]

Leading Research Environment

IFN at the top


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The Research Institute of Industrial Economics, IFN, is a private and independent foundation devoted to pursuing highly relevant research for trade and industry.

The researchers at IFN are united in their belief that economic methods offer a powerful tool for understanding society.

The main research programs are:

  1. economics of entrepreneurship
  2. globalization and corporate restructuring
  3. economics of the service sector
  4. economics of the electricity markets
  5. economics of institutions and culture.

Global Award

Research on entrepreneurship




The Global Award for Entrepreneurship Research is the foremost global award for research on entrepreneurship.This Prize is awarded annually with a prize sum of EUR 100,000.

IFN in cooperation with Entreprenörskapsforum and Vinnova are the principals of the award, in cooperation with the donor, Lars Backsell.

Professor Boyan Jovanovic, New York University, is the winner of the Global Award for Entrepreneurship Research 2019. 

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