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Your Place in Space: Classroom Experiment on Spatial Location Theory

Author

Listed:
  • Margo Bergman
  • G. Dirk Mateer
  • Michael Reksulak
  • Jonathan C. Rork
  • Rick K. Wilson
  • David Zirkle

Abstract

The authors detail an urban economics experiment that is easily run in the classroom. The experiment has a flexible design that allows the instructor to explore how congestion, zoning, public transportation, and taxation levels determine the bid-rent function. Heterogeneous agents in the experiment compete for land use utilizing a simple auction mechanism. Using the data that is collected, a bid-rent function is derived, and the experimental treatment is altered over the course of three sessions to uncover core concepts in urban economics. Moreover, this provides a tangible experience that can be used to help undergraduates relate to urban issues such as the steep rent gradient found around many larger colleges and universities.

Suggested Citation

  • Margo Bergman & G. Dirk Mateer & Michael Reksulak & Jonathan C. Rork & Rick K. Wilson & David Zirkle, 2008. "Your Place in Space: Classroom Experiment on Spatial Location Theory," Experimental Economics Center Working Paper Series 2008-09, Experimental Economics Center, Andrew Young School of Policy Studies, Georgia State University.
  • Handle: RePEc:exc:wpaper:2008-09
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    File URL: http://excen.gsu.edu/workingpapers/GSU_EXCEN_WP_2008-09.pdf
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    JEL classification:

    • A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate
    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics
    • C9 - Mathematical and Quantitative Methods - - Design of Experiments

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