This paper investigates the effects of an equiproportional transport improvement in a fully-closed monocentric city. It focuses on the impact of the improvement on aggregate and differential land rents, and aggregate transport costs. The elasticity of aggregate transport demand is related to the...

This paper examines the properties of stationary-state general equilibrium in a monocentric city with durable housing. On the demand side, identical households choose location, housing quality and quantity, and other goods. On the supply side, developers choose the structural density and time...

The authors show that space matters in designing the optimal provision of local public goods. Geography imposes a particular institutional structure of local governments due to the overlapping of market areas associated with different local public goods. The optimum can be decentralized through...