An Empirical Analysis of the Space Rent and Land Rent within a Central Business District

K Sasaki
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K Sasaki: Research Center for Applied Information Sciences, Tohoku University, 1-1-2-chome, Katahira, Sendai 980, Japan

Environment and Planning A, 1991, vol. 23, issue 1, 139-146

Abstract: The structure of rents of space and land within a central business district (CBD) is empirically analyzed on the basis of a simple equilibrium concept in the space and land markets. The land-rent and space-rent functions are set up in a recursive way. Two alternative models, of linear and log-linear form, are applied to the data of the CBD in Sendai City in Japan for three different years.

Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:sae:envira:v:23:y:1991:i:1:p:139-146

DOI: 10.1068/a230139

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