Abstract

http://ssrn.com/abstract=1540770
 


 



The Economics of Ghost Towns


Philip E. Graves


University of Colorado at Boulder - Department of Economics

Stephan Weiler


Colorado State University, Fort Collins - Department of Economics

Emily E. Tynon


University of Colorado at Boulder

2009

Journal of Regional Analysis and Policy, Vol. 39, No. 2, pp. 131-140, 2009

Abstract:     
The ghost towns of the American West are both intriguing historical artifacts and reflections of unique economic forces at work. In this study we develop linked labor and housing market models balancing the wages, rents, and local amenities of isolated boomtown sites to better understand the sources of such communities’ dramatic cycles. High variance boomtowns provide a unique context for investment in housing and other foundational infrastructure, leading directly to the unusually transient local development patterns seen in ghost town settings. We use Colorado-based case studies to illustrate the relevance of the model. Comparisons with more modern rural settings in Appalachia and the Midwest suggest that the model provides a framework to better understand the process of rural decline more generally.

Number of Pages in PDF File: 10

Keywords: ghost towns, hedonic analysis, wage compensation, rent compensation, boomtowns

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Date posted: January 25, 2010  

Suggested Citation

Graves, Philip E. and Weiler, Stephan and Tynon, Emily E., The Economics of Ghost Towns (2009). Journal of Regional Analysis and Policy, Vol. 39, No. 2, pp. 131-140, 2009. Available at SSRN: http://ssrn.com/abstract=1540770

Contact Information

Philip E. Graves (Contact Author)
University of Colorado at Boulder - Department of Economics ( email )
Campus Box 256
Boulder, CO 80309-0256
United States
Stephan Weiler
Colorado State University, Fort Collins - Department of Economics ( email )
Fort Collins, CO 80523-1771
United States
Emily E. Tynon
University of Colorado at Boulder ( email )
1070 Edinboro Drive
Boulder, CO 80309
United States
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