Premium
A MODEL OF RESIDENTIAL LOCATION IN A TWO‐DIMENSION, MULTI‐CENTER CITY
Author(s) -
Shieh YeungNan
Publication year - 1987
Publication title -
papers in regional science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.937
H-Index - 64
eISSN - 1435-5957
pISSN - 1056-8190
DOI - 10.1111/j.1435-5597.1987.tb01084.x
Subject(s) - center (category theory) , dimension (graph theory) , function (biology) , maximization , utility maximization , economics , econometrics , microeconomics , mathematics , mathematical economics , combinatorics , chemistry , evolutionary biology , biology , crystallography
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.