Urban comparative statics when commuting cost depends on income

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This article investigates the comparative-static properties of an urban model where commuting cost is a function of income. In the standard urban model [Wheaton, W.C., 1974. A comparative static analysis of urban spatial structure. J. Econ. Theory 9, 223-237] commuting cost depends only on distance, but a more realistic formulation makes commuting cost per mile an increasing function of income. In contrast to the results based on the standard urban model, land rent at the central business district rises as income grows if the time cost of commuting is greater than the operating cost. (c) 2005 Elsevier Inc. All rights reserved.
Publisher
ACADEMIC PRESS INC ELSEVIER SCIENCE
Issue Date
2005-03
Language
English
Article Type
Article
Citation

JOURNAL OF HOUSING ECONOMICS, v.14, pp.48 - 56

ISSN
1051-1377
DOI
10.1016/j.jhe.2005.03.003
URI
http://hdl.handle.net/10203/250829
Appears in Collection
MG-Journal Papers(저널논문)
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