Article ID Journal Published Year Pages File Type
10476827 Journal of Housing Economics 2005 9 Pages PDF
Abstract
This article investigates the comparative-static properties of an urban model where commuting cost is a function of income. In the standard urban model [Wheaton, W.C., 1974. A comparative static analysis of urban spatial structure. J. Econ. Theory 9, 223-237] commuting cost depends only on distance, but a more realistic formulation makes commuting cost per mile an increasing function of income. In contrast to the results based on the standard urban model, land rent at the central business district rises as income grows if the time cost of commuting is greater than the operating cost.
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Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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