Premium
Extension and Application of the Mills‐Muth Urban Residential Land Use Simulation Model: Milwaukee, 1977–2020
Author(s) -
Altmann James L.,
DeSalvo Joseph S.
Publication year - 1979
Publication title -
real estate economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.064
H-Index - 61
eISSN - 1540-6229
pISSN - 1080-8620
DOI - 10.1111/1540-6229.t01-22-00201
Subject(s) - suburbanization , land value , land use , residential area , urban area , population , property value , residential property , economics , population growth , agricultural economics , geography , economic geography , economy , civil engineering , engineering , demography , sociology , real estate , finance
The Mills‐Muth urban residential land use simulation model is extended to include two residential income classes and a proportion of residential to urban land that varies with distance from the CBD. Land area, population, households, population density and residential property value are simulated for the central city, its suburbs and the Milwaukee urban area for the years 1977, 1980, 1985, 1990 and 2020, for two scenarios that differ primarily with respect to income growth rates and automobile commuting costs. The main finding is the powerful positive effect of even relatively small real income growth on suburbanization.