Economic Theory and the Cities |
Contents
Introduction | 1 |
The Residential Sector | 8 |
The Business Sector | 35 |
Copyright | |
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allocation assume capital owners capital rentals Chapter city center city size city sizes commuting costs congestion pricing congestion tolls constraint consumers core city costs of travel decline demand developer effect efficient equal equation equilibrium expenditures externalities factor federal Figure firms fiscal fixed given groups hence higher-income housing prices housing services income increase indifference curve indirect utility function initial residents investment labor land rents landowners lower lower-income marginal benefits marginal cost marginal product maximize median voter neighborhood opportunity cost optimal p₁ p₂ Pareto-efficient partial equilibrium peak period Pigouvian taxes policies pollution tax population problem profits property tax public services regions relative rent control rent gradient residential returns to scale revenue road capacity scale economies sector situation social marginal solution spatial speed subsidize substitute suburb suburbanization tax proceeds tax rate tion traffic transit u₁ unit urban utility function utility levels variable wages zoning