"This city, which has been at the vanguard of medical marijuana legalization on everything from taxation to trade schools to the unionization of marijuana workers, voted Tuesday to permit industrial-size marijuana farms." Oakland is taking the pot plunge .

Now urban economists would say that land is allocated to its highest value so what should we infer here? Oakland is a stone's throw to downtown San Fran --- this might have appeared to be expensive farmland. But, if final consumers want really fresh product and are willing to pay a price premium for the fresh stuff then maybe basic economics can explain this.

Now, don't forget agglomeration theory. If marijuana farms are opened, what will open up next to it? So -- at a suburban mall you don't locate a fancy fur coat store next to a stinky fish restaurant (Al Taubman taught me that) --- but what "domino effect" will Oakland trigger once the pot farms are open? I could imagine fast food restaurants there for people with the munchies. I could imagine that there could be successful lounge areas for just hanging out and listening to the Grateful Dead --- so I hope that the area near the pot farms are zoned for bars and hip music.
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My "Migration" to Substack
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Homeownership Revisited: An Economist's Perspective
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Understanding the Arguments Made by Climate Change Adaptation Pessimists: Part One
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The Interesting Economics Related to the Marginal Cost of Avoiding Heat Exposure
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"The Water Cooler" and Spontaneous Face to Face Interaction in a Hybrid-WFH Economy
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How Will the Rise of WFH Help Us to Adapt to Climate Change?
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USC Economics Faculty Hiring Since 2015
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The New New Geography of Jobs
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Connecting the Dots: The Common Themes Between My Three Recent Books
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The Simple Microeconomics of Adapting to Real Estate Damage Caused by Flooding
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The Role of Qualitative Data in Academic Field Experiment Research
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My Growing Set of Podcasts Discussing my April 2022 Going Remote book
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Marketing My Four Amazon Economics E-Books that Sell for $1 Each
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The Consequences of Banks Pursuing a "Double Bottom Line" as the Federal Reserve Prioritizes Climate Change Risks
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Applied Game Theory and the Medium Term Reputation Gains from the Recent China-USA Trade War
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How Do We Nudge "Behavioral" Decision Makers to Adapt to Emerging Climate Risks?
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The Economic Consequences of Youth Pessimism About Climate Risk: Lessons from Slemrod's "Savings and the Fear of Nuclear War"
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What Insights Does Economics Offer About the Nascent Biden Administration Transport Infrastructure Investment Program?
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Contrasting Adapting to Contagious Disease Risk with Adapting to Climate Change
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Infrastructure Investment Microeconomics
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Incorporating Local Public Health Dynamics into The Rosen/Roback Spatial Equilibrium Model
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Adverse Selection in Car Insurance Markets: What Happens When Car Sellers Offer Insurance to Good Drivers?
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Spatial Equilibrium and Haitian Immigration to the U.S
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Some Microeconomics of Extreme Heat Exposure in the United States
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Amazon's Big Data on Consumer Behavior Fuels its Entry into Urban Retailing
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How Can the Insurance Industry Accelerate Climate Change Adaptation?
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Ranking Academic Economics Power Couples Based on July 2021 REPEC Data
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Academic Economist Productivity Rankings
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Stiglitz Versus Cochrane: What Are the Non-Market Quality of Life Impacts of Climate Change?
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Some Microeconomics of Adapting to Wildfires in the American West Framed as a Gary Becker Problem Set Question
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A Few Thoughts About Economic Growth as a Climate Change Adaptation Strategy
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Climate Change Bets and Julian Simon versus Paul Ehrlich Again
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Cliff Winston's New Book Gaining Ground
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A Self Evaluation of My Two Years Directing the Johns Hopkins 21st Century Cities Initiative
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The Emerging New Economic Geography of the United States
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How Does Applied Microeconomic Research Accelerate Climate Change Adaptation?
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Do The Urban Poor Gain from Local Economic Growth?
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Why is Beautiful California Losing Congressional Seats? Constrained Local Housing Supply Influences National Politics
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Unlocking the Potential of our "Unlocking the Potential of Post-Industrial Cities" Book
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Why Climate Economics Continues to Succeed
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The Microeconomics of Enhancing the Effectiveness of Government Spending $2 Trillion Dollars on Infrastructure
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The Revealed Preference of Porch Pirates
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The Great Climate Change Race Between The Rising Threat and Our Increasing Ability to "Take a Punch"
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Understanding the High Cost of Military Drone Use Using a Rebound Effect Model
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Unlocking the Potential of Post-Industrial Cities
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Backwards Induction and the Demise of U.S Gas Stations in the Year 2045
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Platform Competition and the Urban Economics of Free Speech
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How Can the Biden Administration Boost Quality of Life in Post-Industrial Cities Such as Baltimore?
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Free Environmental Economics Lecture Notes and Exam Questions and Access to a High Quality $8 E-book Textbook
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Veblen and Conspicuous Consumption Revisited: The Beneficial Role of "Invisible" Masks During a Pandemic
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The Economics of Personal Responsibility and Human Development
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Will President Biden's Low Carbon Policy Efforts be Slowed Down by the Gruenspecht Effect and Slow Economic Growth?
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Will the Rise of Work from Home Lower Uber's Medium Term Profits?
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Some Research Notes on Using Geo-Tagged Cell Phone Data to Study Urban Economics Questions
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In the Year 2030, How Will Applied Microeconomists Study the Consequences of the 2020 COVID Shock?
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Using the Supply and Demand Model to Understand China's Recent Electricity and Coal Shortage
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Competition in the Non-Profit "Green" Sector or the Industrial Organization of Non-Profits
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Productivity and Climate Change Adaptation in a Spatial Economy
Climate Change Adaptation in a Spatial Economy
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Climate Change Adaptation for Urban Indian Slum Dwellers: A New Economics Research Agenda
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My Next Steps in Working on Climate Change Adaptation Microeconomics
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The Lulling Effect and the Upcoming COVID19 Vaccine
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Pandemic Microeconomics Revisited: The Incentive Effects of Liability Shields for Contagion Risk
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Clean Air as an Experience Good in Urban China
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The Social Benefits of Social Capital in Fire Fighting Units Contrasted with the Social Cost of Social Capital in Police Units
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Some Thoughts on the 2019 JEL Review of My Co-Authored China Book
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Al Pacino's Serpico and the Economics of Rotten Apples and the Missing Data Problem.
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Peer Monitoring and the Urban Police: Lessons from the Microeconomics of Microfinance
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The Urban Economics of Big City Mayors
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Private Nursing Homes, Product Differentiation and Reducing COVID-19 Contagion Risk
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Will COVID-19 Reduce Smoking Rates Today and Thus Reduce Future Cancer Risk?
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Real Estate Windfalls from Delaying the Fall 2020 Semester
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Open Source Collaboration versus Winning the Race for Receiving a COVID-19 Vaccine Patent
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Will the COVID-19 Induced Ballooning Budget Deficit Lead to More Efficient Taxation?
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Larger Firms Have an Adaptation Advantage in Coping with Ongoing COVID-19 Infection Risk
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Has the Profitability of Selling Car Insurance Increased in Early 2020 Due to COVID-19?
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Will Richer People Further Increase their Social Distancing in Post COVID-19 Urban Life?
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Low Carbon Suburban Living in 2021 in our "Post-COVID19" World
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Do Social Networks Increase or Decrease the COVID-19 Contagion Rate?
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An Open Source Clinical Trial of Coronavirus Vaccines
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Measuring the Medium Run Productivity Costs of the Coronavirus Recessions
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Will the Fear of the Coronavirus Reduce Baltimore's Long Term Murder Rate?
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The Urban and Environmental Economics of Voluntary Social Distancing
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Why Did Wuhan’s Officials Respond Slowly to the Spread of the Coronavirus?
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Should the City of Baltimore Issue More Municipal Debt?
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Does the Coronavirus Offer a Test of the Rare Disasters Asset Pricing Model?
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