GENERAL EQUILIBRIUM MODELS OF POLYCENTRIC URBAN LAND USE WITH ENDOGENOUS CONGESTION AND JOB AGGLOMERATION
In this paper, a computable general equilibrium model of urban land use is developed with land allocated to houses, production, and roads. Traffic congestion and employment location are endogenous. Consumers choose job and residence locations and desire to shop everywhere. Without scale economies in shopping, production is dispersed with rent, wage, commodity price, and net density gradients all peaking at the center of the space. When scale economies in shopping are strong relative to the cost of traffic congestion, dispersion becomes unstable. Multiple equilibria emerge as production agglomerates into a number of centers. The authors' algorithm tests the stability of equilibria and finds perturbations that set off transitions to other equilibria. The number of centers trades-off the benefits from agglomeration against those from access. With stronger agglomeration, there are fewer and bigger centers and utility is higher with fewer centers. With higher congestion, the number of centers increases and utility is higher with more centers.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/issn/00941190
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Corporate Authors:
Academic Press Incorporated
111 Fifth Avenue
New York, NY United States 10003 -
Authors:
- Anas, A
- Kim, In-Tai
- Publication Date: 1996-9
Language
- English
Media Info
- Features: References;
- Pagination: p. 232-256
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Serial:
- Journal of Urban Economics
- Volume: 40
- Issue Number: 2
- Publisher: Elsevier
- ISSN: 0094-1190
- Serial URL: http://www.sciencedirect.com/science/journal/00941190
Subject/Index Terms
- TRT Terms: Algorithms; City planning; Land use; Land use models; Traffic congestion; Traffic equilibrium; Urban areas; Urban transportation
- Uncontrolled Terms: Agglomeration; General equilibrium models (Land use)
- Subject Areas: Highways; Planning and Forecasting; I72: Traffic and Transport Planning;
Filing Info
- Accession Number: 00791375
- Record Type: Publication
- Files: TRIS
- Created Date: Apr 11 2000 12:00AM