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An Essay on Urban Economic Theory (Paperback, Softcover reprint of the original 1st ed. 1999)
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An Essay on Urban Economic Theory (Paperback, Softcover reprint of the original 1st ed. 1999)
Series: Advances in Urban and Regional Economics, 1
Expected to ship within 10 - 15 working days
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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
allocation of resources within a city and between cities - at the
core of urban economic theory. An Essay on Urban Economic Theory
well reflects the state of the field. Part I provides an elegant,
coherent, and rigorous presentation of several variants of the
monocentric (city) model - as the centerpiece of urban economic
theory - treating equilibrium, optimum, and comparative statistics.
Part II explores less familiar and even some uncharted territory.
The monocentric model looks at a single city in isolation, taking
as given a central business district surrounded by residences. Part
II, in contrast, makes the intra-urban location of residential and
non-residential activity the outcome of the fundamental tradeoff
between the propensity to interact and the aversion to crowding;
the resulting pattern of agglomeration may be polycentric. Part II
also develops models of an urbanized economy with trade between
specialized cities and examines how the market-determined size
distribution of cities differs from the optimum. This book launches
a new series, Advances in Urban and Regional Economics. The series
aims to provide an outlet for longer scholarly works dealing with
topics in urban and regional economics.
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