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This paper performs a comparative static analysis to derive the effect of a change in the wages of the rich living in the suburban area of a city on the welfare of the poor living in the central area of the city. It assumes that commuting cost is a function of distance and wages. A sufficient...
Persistent link: https://www.econbiz.de/10005294233
This paper develops a new way to present standard urban models graphically and a new rent function called the rent-commuting cost function. The rent-commuting cost function represents the relationship between rent and total commuting cost. At least theoretically, it is superior to the...
Persistent link: https://www.econbiz.de/10005139608