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Hotelling's 1929 article concerning the behavior of duopolists in a spatial setting has had a lasting influence in economics and political science. With a simple model, he was able to elucide why "our cities become uneconomically large and business districts within them too concentrated"; and...
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Mills' programming model of efficient resource allocation in an urban area is extended to include multiple nuclei and intermediate goods. The new model is a decomposable linear program in which the primary resource value of the city plus transportation costs are minimized subject to a prescribed...
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The static model of efficient resource allocation in an urban area developed by Mills, and by Hartwick and Hartwick, is recast as a dynamic model within the recursive decision framework of Day. In any period, resources are efficiently allocated to production on land not occupied by profitable...
Persistent link: https://www.econbiz.de/10005490200
Mills' programming model of efficient resource allocation in an urban area is extended to include multiple nuclei and intermediate goods. The new model is a decomposable linear program in which the primary resource value of the city plus transportation costs are minimized subject to a prescribed...
Persistent link: https://www.econbiz.de/10005653097
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