ISSN:
1467-9787
Source:
Blackwell Publishing Journal Backfiles 1879-2005
Topics:
Geography
,
Economics
Notes:
This paper provides a complete comparative-static analysis of the simplest model of urban household behavior that incorporates time explicitly. Results involving the housing-price function and the effects on housing consumption and location (radial distance from the CBD) of exogenous changes in preferences for housing, housing price, and money costs of transportation are the same as in models not incorporating time explicitly. In addition, it is found that housing consumption and location are negatively related to commuting time, positively related to nonwage income, and ambiguously related (both a priori and empirically, for reasonable values of the relevant variables) to the wage rate.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1111/j.1467-9787.1985.tb00066.x
Permalink