Rent Gradient Under Uncertainty
This paper seeks to further develop location theory under uncertainty, within the classical framework of land use models formulated by Von Thünen and Alonso. The analysis proceeds by allowing uncertainty in the price of output, the transport rate of a unit of output and output per unit of land. Results are derived concerning the position and slope of the rent gradient, as compared to the case of certainty.
Year of publication: |
1985
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Authors: | Alperovich, Gershon ; Katz, Eliakim |
Published in: |
Urban Studies. - Urban Studies Journal Limited. - Vol. 22.1985, 3, p. 257-261
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Publisher: |
Urban Studies Journal Limited |
Saved in:
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