Optimum and market equilibrium in a model of a city without a predetemined center
AbstractMost of the recent theoretical literature on the internal structure of cities has assumed that a city is organized around a predetermined center, and that all traffic in the city is oriented toward that point. This is an oversimplification. It is not correct that all traffic in modern cities either goes to the center or comes from the center. In this paper we assume that every individual travels to every location in the city. The individuals choose locations that minimize the sum of their transportation and housing expenditures. Results are obtained for a social optimization and for a competitive equilibrium. In both cases there is a center where the density and land prices are higher; the density decreases with distance from this center. The optimal city is more dense than the `competitive' one owing to externalities which are not taken into account in the latter case.
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Bibliographic InfoArticle provided by Pion Ltd, London in its journal Environment and Planning A.
Volume (Year): 9 (1977)
Issue (Month): 8 (August)
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Web page: http://www.pion.co.uk
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- Ahlfeldt, Gabriel M., 2009.
"The train has left the station: Do markets value intra-city access to inter-city rail connections?,"
13900, University Library of Munich, Germany.
- Gabriel M. Ahlfeldt, 2011. "The Train has Left the Station: Do Markets Value Intracity Access to Intercity Rail Connections?," German Economic Review, Verein für Socialpolitik, vol. 12(3), pages 312-335, 08.
- Ahlfeldt, Gabriel M., 2008. "If Alonso was Right: Residual Land Price, Accessibility and Urban Attraction," MPRA Paper 11707, University Library of Munich, Germany.
- Gabriel Ahlfeldt & Nicolai Wendland, 2008.
"Fifty Years of Urban Accessibility: The Impact of Urban Railway Network on the Land Gradient in Industrializing Berlin,"
023, Chair for Economic Policy, University of Hamburg.
- Gabriel M. Ahlfeldt & Nicolai Wendland, 2008. "Fifty Years of Urban Accessibility : The Impact of Urban Railway Network on the Land Gradient in Industrializing Berlin," KOF Working papers 08-208, KOF Swiss Economic Institute, ETH Zurich.
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