Your Place in Space: Classroom Experiment on Spatial Location Theory

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

The Journal of Economic Education, 2009, vol. 40, issue 4, 405-421

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 using 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.

Date: 2009
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Working Paper: Your Place in Space: Classroom Experiment on Spatial Location Theory (2008)
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DOI: 10.1080/00220480903237976

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