Your Place in Space: Classroom Experiment on Spatial Location Theory

Margo Bergman (), G. Dirk Mateer, Michael Reksulak, Jonathan C. Rork, Rick K. Wilson and David Zirkle

No 2008-09, Experimental Economics Center Working Paper Series from Experimental Economics Center, Andrew Young School of Policy Studies, Georgia State University

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.

JEL-codes: A22 R1 C9 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cdm, nep-exp, nep-geo and nep-ure
Date: 2008-05
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Persistent link: http://EconPapers.repec.org/RePEc:exc:wpaper:2008-09

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