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Efficient Land Use in an Equilibrium Residential Annulus

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  • John Hartwick

Abstract

An efficient land use is one where land is divided between residential activity and roads to minimize aggregate transportation costs. We analyze such an allocation for the case where each consumer is in equilibrium. The problem synthesizes the approaches in the Mills-de Ferranti analysis and the Solow analysis. In Solow, consumers were in equilibrium but land was allocated by rule of thumb; in Mills-de Ferranti land was efficiently allocated in aggregate but each consumer was allocated a fixed area for his residence. The efficient land allocation is characterized by declining convex functions of distance from the CBD for density on roads and in residential activity for the case of Cobb-Douglas utility functions.

Suggested Citation

  • John Hartwick, 1977. "Efficient Land Use in an Equilibrium Residential Annulus," Working Paper 273, Economics Department, Queen's University.
    • Handle: RePEc:qed:wpaper:273
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    Cited by:

    1. Saphores, Jean-Daniel M. & Boarnet, Marlon G., 2006. "Uncertainty and the timing of an urban congestion relief investment.: The no-land case," Journal of Urban Economics, Elsevier, vol. 59(2), pages 189-208, March.

    More about this item

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • L68 - Industrial Organization - - Industry Studies: Manufacturing - - - Appliances; Furniture; Other Consumer Durables

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