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TESTS OF THE STANDARD URBAN MODEL: A Micro (Trade†Off) Alternative

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  • Harry W. Richardson
  • Peter Gordon
  • Yeol Choi

Abstract

Three methods of testing the validity of the monocentric model (the negative house price gradient, the wasteful commuting approach, and the hypothesis of a trade†off between housing expenditures and commuting costs) are evaluated. The negative house price gradient is not supported by several recent hedonic models. “Wasteful†commuting is a poor test because it persists even a policentric world and may be more the result of the weakness of journey†to†work minimization as a key determinant of residence and/or workplace location. This study uses the commuting information presented in the 1985 American Housing Survey in eight large metropolitan areas to show that the trade†off hypothesis fails badly. Heterogeneous Preference for housing, commuting and indeed for all goods and services, combined with a wide variety of workplaces and choice of residential locations at highly, variable rents and house prices may be the major reason why the trade†off is not generally observed.

Suggested Citation

  • Harry W. Richardson & Peter Gordon & Yeol Choi, 1992. "TESTS OF THE STANDARD URBAN MODEL: A Micro (Trade†Off) Alternative," Review of Urban & Regional Development Studies, Wiley Blackwell, vol. 4(1), pages 50-66, January.
    • Handle: RePEc:bla:revurb:v:4:y:1992:i:1:p:50-66
    DOI: 10.1111/j.1467-940X.1992.tb00033.x
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    Cited by:

    1. Genevieve Giuliano & Kenneth A. Small, 1993. "Is the Journey to Work Explained by Urban Structure?," Urban Studies, Urban Studies Journal Limited, vol. 30(9), pages 1485-1500, November.

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