OPPORTUNITY COST AND MARGINAL COST OF URBAN REGENERATION
While urban regeneration has risen to be the will of the nation,the research on the two basic issues of regeneration,namely,"decision-making at the starting point of regeneration"and"decision-making at the end point of regeneration",is in a blank,with insufficient support and explanatory power for the practice of regeneration.Starting from the two misunderstandings in the existing regeneration research,this paper points out that there is a gap between the assertion of the starting point and the end point of regeneration in the existing research and the reality,and develops two theoretical models,namely,"decision-making at the starting point of regeneration"and"decision-making at the end point of regeneration",with the help of analytical tools of microeconomics and super-marginal theory,and in the light of the opportunity cost and the marginal cost.The paper then presents a framework of"whole process decision-making from the starting point to the end point"through the fitting of these two models,based on which the thought of"smart decision-making of urban regeneration"is proposed.It further points out that the strategies of"specialized division of labor for regeneration"and"credit at the starting point of regeneration"can be improved at the starting point,and the strategies of"facility catalyst"and"bottom line control of regeneration"can be improved at the end point.The paper provides new research perspectives for the analysis of the underlying logic of regeneration decision-making and the improvement of decision-making.
urban regenerationregeneration decision-makingopportunity costmarginal coststarting point of urban regenerationend point of urban regenerationsmart urban regeneration
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