An Essay on Urban Economic Theory
Over the past thirty years, urban economic theory has been one of the most active areas of urban and regional economic research. Just as static general equilibrium theory is at the core of modern microeconomics, so is the topic of this book - the static a
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Advances in Urban and Regional Economics VOLUME 1
Series Editor Richard Amott, Boston College, US.A.
An Essayon URBAN ECONOMIC THEORY
by
YORGOS Y. PAPAGEORGIOU McMaster University
and
DAVIDPINES Tel Aviv University
SPRINGER SCIENCE+BUSINESS MEDIA, LLC
Library of Congress Cataloging-in-Publication Data Papageorgiou, Y. Y. An essay on urban economic theory / by Yorgos Y. Papageorgiou and David Pines. p. cm. - (Advances in urban and regional economics ; v. 1) Includes bibliographical references (p. ) and index. ISBN 978-1-4613-7245-5 ISBN 978-1-4615-4947-5 (eBook) DOI 10.1007/978-1-4615-4947-5 1. Urban economics. 1. Pines, David. II. Title III. Series. HT321. P34 1998 98-44115 330.9173'2-dc21 CIP
Copyright 1999 Springer Science+Business Media New York Originally published by KIuwer Academic Publishers in 1999 Softcover reprint of the hardcover 1st edition 1999 AlI rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, mechanica1, photo-copying, recording, or otherwise, without the prior written permis sion of the publisher, Springer Science+Business Media, LLC
Printed on acid-free paper.
To Tamar and to Maria
Contents
List of Figures List of Tables Preface Acknowledgements
1 Introduction 1.1 Scope of this Book . . . . . . . . . . . . . . . . . 1.2 Fundamental Determinants of Spatial Structure. 1.3 Historical Sketch . . . . . . . . . . . . . . . . . . 1.3.1 Urban Land Use and Rent Theory . . . . 1.3.2 Size and Functional Distribution of Cities 1.3.3 Economic Geography of Cities 1.3.4 Some Final Comments . 1.4 Book Outline . . . . . 1.5 Appendix: Notation. 1.5.1 Latin Symbols 1.5.2 Greek Symbols 1.6 References .
I
The Monocentric City
2 Urban Equilibrium 2.1 Conceptual Framework. . . . . . . . . . . . . . . . . 2.1.1 Landscape and the Shape of the Urban Area 2.1.2 Preferences . . . . . . . . . . 2.1.3 Prices . . . . . . . . . . . . . . . . . . . . . . 2.2 The Structure of Urban Equilibrium . . . . . . . . . 2.2.1 Land Ownership, Property Rights, and the Disposal of Urban Rent . . . . . . . . . . . . . . . . . . . . . . . . ..
xiii xv xvii XIX
1 1 2 4 4 11 14 17 18 20 20 24 25
31 33 33 33 35 36 36 36
viii
Contents 2.2.2 Individual Decisions . . . . . . . . . 2.2.3 Clearing the Urban Land Market .. 2.2.4 Clearing the Available Land Market 2.2.5 Rent Disposal and Income Determination 2.2.6 Definition of a Competitive Equilibrium 2.2.7 Closing the Model . 2.3 Properties of the Equilibrium Allocation . . . . 2.3.1 The Shape of the Urban Area . 2.3.2 The Principle of Zero Marginal Location Costs 2.3.3 Population Density . . . . . . . . . . . . 2.3.4 Negative Exponential Rent and Density 2.3.5 Aggregate Relationships at Equilibrium 2.4 Appendices . . . . . . . . . . . . . . 2.4.1 Alternative Choice Problems 2.4.2 A Fundamental Issue. 2.5 References .
3 Comparative Statics 3.1 Open Renter City. 3.1.1 Initial Endowment 3.1.2 Agricultural Rent. 3.1.3 Utility Level . . . 3.1.4 Transportation Technology 3.1.5 Land Reclamat
