A mathematical framework for evaluating substitutions and complementarities among urban outcomes is presented. A solution of a linear-programming problem, entailing the minimization of expenditure overruns above a spatially distributed community development grant, is used to assay the opportunity cost of grant allocations. This is the second essay on the subject developed under the auspices of the HUD Community Development Strategies Evaluation Project sponsored by the US Department of Housing and Urban Development. The first essay appeared in the previous issue of this journal.
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