Abstract
It is well-known that theories of urban land use and location, set forth by von Thunen and his followers, explained quite successfully the agricultural and residential locations. Unfortunately, there has been virtually no comparative static analysis performed to probe their underlying properties. The present paper attempts accordingly to take further steps in the direction of generalizing the theory of intra-urban location and land use and to present a general comparative static analysis. It will be shown that, in general, the intra-urban optimum location is a function of the wage rate, the transport rate on the final product, the elasticity of demand, the population of the city and the income (or wealth) of the city. In the process, it is demonstrated that characteristics of production function are crucial in conducting our comparative static analysis.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
