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The Supply of Space — I

In: The Economics of Residential Location

Author

Listed:
  • Alan W. Evans

    (Centre for Environmental Studies)

Abstract

In the previous chapter we derived the conditions for the location of the household to be both optimal and stable, and it was shown that, if certain empirical relationships hold, then these conditions imply that the rent per space unit must decline with distance from the city centre at a diminishing rate. As we showed in Chapter 2 the space unit is a theoretical construct and so this prediction of the theory is not testable in this form. One object of this chapter is therefore to convert the predicted relationship between rent per space unit and distance into a testable prediction about the relationship between land values and distance.

Suggested Citation

  • Alan W. Evans, 1973. "The Supply of Space — I," Palgrave Macmillan Books, in: The Economics of Residential Location, chapter 4, pages 45-58, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-01889-5_4
    DOI: 10.1007/978-1-349-01889-5_4
    as

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