Open AccessLOCATIONAL EQUILIBRIUM MODELS FOR PUBLICLY OWNED RESIDENTIAL LAND
Author(s) -
WAN FREDERIC Y.M.
Publication year - 2000
Publication title -
natural resource modeling
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.28
H-Index - 32
eISSN - 1939-7445
pISSN - 0890-8575
DOI - 10.1111/j.1939-7445.2000.tb00034.x
Subject(s) - context (archaeology) , land use , land tenure , space (punctuation) , economics , public land , distribution (mathematics) , natural resource economics , business , geography , mathematics , computer science , ecology , archaeology , biology , agriculture , operating system , mathematical analysis
. Perturbation and matched asymptotic expansion methods are shown to be useful to the study of land economics. In the context of residential land management theory, the present study complements a previous analysis of locational equilibrium economic models for residential land in Wan [1977] and extends it beyond absentee ownership to include public ownership and mixed ownership. The dependence of the optimal uniform household utility on the (radial) distribution of land fraction for housing space is delineated.