2. BACKGROUND & WHY UVFE

2.1 The Evolution of Urban Economics

• From Classical Land Economics

• Land Rent Theory

• Urban Economics

• Spatial Economics

• Smart Cities

2.2 Limitations of Conventional Urban Economics

• Land price as a static indicator

• Parcel-based valuation

• Lack of spatial continuity

• Limited explanation of value dynamics

• Difficulty supporting Smart Cities

2.3 The Emergence of the Urban Land Value Field (ULVF)

• Urban value as a continuous field

• Spatial representation

• Mathematical foundation

• GIS integration

→ Đây là cầu nối sang UVFE.

2.4 Why UVFE?

ULVF explains where urban value exists.

Modern cities also require understanding how urban value evolves.

Urban value is continuously created, propagated, accumulated, transformed, and governed.

These dynamic processes require a new scientific framework.

Urban Value Field Economics (UVFE) was developed to address this challenge.

2.5 From Field Representation to Field Dynamics

Classical Economics

        │

        ▼

Land Rent

        │

        ▼

Land Price

        │

        ▼

Urban Value

        │

        ▼

ULVF

(Field Representation)

        │

        ▼

UVFE

(Field Dynamics)

2.6 Toward Urban Value Science

• Urban Value Dynamics

• Urban Value Flow

• Urban Governance

• Urban Operating System

• Urban Value Science

Key References

The discussions presented in this section are primarily based on the following references:

[34] Batty, M. (2013). The New Science of Cities.

[35] Longley, P. A., Goodchild, M. F., Maguire, D. J., & Rhind, D. W. Geographic Information Systems and Science.

[36] O'Sullivan, A. (2012). Urban Economics.