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We use a simple economy with two interconnected geographical zones. Individuals can live and work in one of the two zones or can commute between them. This model is used to explore the dynamics of housing and work decisions after a permanent shock in labour demand occurred in one of the two...
Persistent link: https://www.econbiz.de/10010899603
We exploit the power of the Alonso-Mills-Muth (AMM) urban economics model and show that various utility functions and plausible conditions offer alternative explanations of households' location by income within a city. These include the existence of a "rich" center and more complex socio-spatial...
Persistent link: https://www.econbiz.de/10010633192
Polycentrism in cities is studied with the help of an agent-based model grounded in the Alonso, Muth, Mills (AMM) framework, using microeconomic interactions between heterogeneous agents. This model is shown to reproduce the standard urban equilibrium with two income groups. Two job centers at...
Persistent link: https://www.econbiz.de/10009147734
Considering the prolonged rise of energy price and the still elevated housing prices, the policy to limit the share of housing expenses in the households' budget, so as to secure their solvability, has been criticized. Supposedly, it induces people to get farther from the city center in search...
Persistent link: https://www.econbiz.de/10008793542