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Calibration of a monocentric city model with mixed land use and congestion

  • McDonald, John F.
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    A model of a monocentric city with traffic congestion is specified and calibrated to metropolitan Chicago for 1956. The computations suggest that the market allocation of households to locations (i.e., rings) differed from an efficient location pattern. In 1956 the Chicago CBD had employment of 593,000, which was 29% of employment in the metropolitan area. The remaining employment was widely dispersed. A more efficient allocation places up to 11.5% more households in the rings nearest to the CBD, given the location pattern of employment. Other policies, such as increasing work trips by public transit and charging time-of-day tolls to shift the rush hour to other times, are shown to reduce congestion costs and to reduce the amount of population redistribution needed to achieve an efficient population distribution.

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    File URL: http://www.sciencedirect.com/science/article/B6V89-4SWN0JP-1/2/aa8185353eb89f29a7e54208d7deb2be
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    Article provided by Elsevier in its journal Regional Science and Urban Economics.

    Volume (Year): 39 (2009)
    Issue (Month): 1 (January)
    Pages: 90-96

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    Handle: RePEc:eee:regeco:v:39:y:2009:i:1:p:90-96
    Contact details of provider: Web page: http://www.elsevier.com/locate/regec

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    1. Sullivan, Arthur M., 1983. "Second-best policies for congestion externalities," Journal of Urban Economics, Elsevier, vol. 14(1), pages 105-123, July.
    2. Arnott, Richard J & MacKinnon, James G, 1978. "Market and Shadow Land Rents with Congestion," American Economic Review, American Economic Association, vol. 68(4), pages 588-600, September.
    3. Wheaton, William C., 2004. "Commuting, congestion, and employment dispersal in cities with mixed land use," Journal of Urban Economics, Elsevier, vol. 55(3), pages 417-438, May.
    4. Sullivan, Arthur M., 1983. "A general equilibrium model with external scale economies in production," Journal of Urban Economics, Elsevier, vol. 13(2), pages 235-255, March.
    5. Kanemoto, Yoshitsugu, 1980. "Theories of urban externalities," MPRA Paper 24614, University Library of Munich, Germany.
    6. Sullivan, Arthur M., 1983. "The general equilibrium effects of congestion externalities," Journal of Urban Economics, Elsevier, vol. 14(1), pages 80-104, July.
    7. Wheaton, William C., 1998. "Land Use and Density in Cities with Congestion," Journal of Urban Economics, Elsevier, vol. 43(2), pages 258-272, March.
    8. repec:cup:cbooks:9780521346627 is not listed on IDEAS
    9. J F McDonald & D P McMillen, 1990. "Employment subcenters and land values in a polycentric urban area: the case of Chicago," Environment and Planning A, Pion Ltd, London, vol. 22(12), pages 1561-1574, December.
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