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GENERAL EQUILIBRIUM MODELS
ANALYSIS OF AN EMPIRICALLYORIENTED MODEL
DERIVATION OF ESTIMATING EQUATIONS
3 other sections not shown
assume assumptions capita land consumption CBD commuters CBD workers census tract chapter Chicago CATS Chicago CCRH Cobb-Douglas Cobb-Douglas functions coefficient not significantly commercial real estate constant consumers CONTROLLING FOR STORE decline with distance dependent variable different from zero dk dk dk Doctor of Philosophy equation equilibrium models Estimated coefficient significantly exogenous factor shares firms Hence HONOLULU housing price housing producers inner annulus labor input land rent locational equilibrium condition negative non-land capital Oklahoma City one-tailed test ordinary least squares outer annulus output per unit partial equilibrium percent level Perfect competition price functions price gradients production function real estate producers regression relative rate requires retail employment ring sales per unit sales per worker sG/L sG/R slope estimates solution store mix Store-type structures Table Taylor series tion total land area transportation costs type-one workers type-two workers unit total land urban economic utility level yields