Bid Rents under Unemployment Risk : Delayed versus Timeless Uncertainty
AbstractIn this paper, we analyze the impact of uncertainty on the level and properties of the bid rent function. We show that these properties strongly depend upon the way in which uncertainty is introduced into the model (delayed versus timeless uncertainty). We also investigate the implication of income uncertainty for the city equilibrium.
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Bibliographic InfoPaper provided by Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) in its series CORE Discussion Papers with number 1995055.
Date of creation: 01 Oct 1995
Date of revision:
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Other versions of this item:
- Zenou, Yves & Eeckhoudt, Louis, 1997. "Bid Rents under Unemployment Risk: Delayed versus Timeless Uncertainty," Journal of Urban Economics, Elsevier, vol. 42(1), pages 42-63, July.
- Zenou, Y. & Eeckhoudt, L., . "Bid rents under unemployment risk: delayed versus timeless uncertainty," CORE Discussion Papers RP -1279, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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CORE Discussion Papers RP
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- Zenou, Yves, 2003.
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4153, C.E.P.R. Discussion Papers.
- Zenou, Yves, 2003. "Efficiency Wages, Urban Unemployment and Housing Consumption," Working Paper Series 606, Research Institute of Industrial Economics.
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