A MODEL OF RESIDENTIAL LOCATION IN A TWO‐DIMENSION, MULTI‐CENTER CITY

Yeung-Nan Shieh ()

Papers in Regional Science, 1987, vol. 63, issue 1, 71-79

Abstract: ABSTRACT This paper examines the hid rent function for housing in a multi‐center city. By applying the familiar Alonso and Stull's bid rent maximization approach, we rigorously derive the bid rent function and show that the standard negatively sloped bid rent curve cannot he applied in a multi‐center city. We also show that the slope of the hid rent curve crucially depends upon the household's trip frequency to different centers. Furthermore, we consider the bid rent function in the household's optimum location decision.

Date: 1987
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https://doi.org/10.1111/j.1435-5597.1987.tb01084.x

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Persistent link: https://EconPapers.repec.org/RePEc:bla:presci:v:63:y:1987:i:1:p:71-79

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