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THE PURE THEORY OF HOUSEHOLD LOCATION AN AXIOMATIC APPROACH *
Author(s) -
Turnbull Geoffrey K.
Publication year - 1990
Publication title -
journal of regional science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.171
H-Index - 79
eISSN - 1467-9787
pISSN - 0022-4146
DOI - 10.1111/j.1467-9787.1990.tb00121.x
Subject(s) - axiom , axiomatic system , mathematical economics , parametric statistics , economics , axiomatic design , basis (linear algebra) , econometrics , computer science , mathematics , operations management , statistics , geometry , lean manufacturing
In this paper, I present an axiomatic basis for the neoclassical model of household location in a monocentric urban area. I generalize the existing framework and demonstrate that many of the conclusions derived using parametric models continue to hold even without the popularly assumed well‐behaved utility and transportation cost functions.