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This paper employs panel-data estimation approaches to test hypotheses of the monocentric urban model. We apply both within- and between- groups estimation approaches to urbanized area data for the 1990-2010 period. From a fixed-effects (within-groups) model, we find that a 1-percent increase in...
Persistent link: https://www.econbiz.de/10010900527
Burchfield, et al., “Causes of Sprawl: A Portrait from Space,” Quarterly Journal of Economics, CXXI (2006), 587–633, show that variables chosen from the monocentric model and its generalizations as well as those capturing geographical and political characteristics of urban areas are...
Persistent link: https://www.econbiz.de/10010900533
Some urban policies are designed to reduce auto and increase transit usage. Evidence is mixed because most empirical research uses ad hoc specifications. We estimate empirical models of the interaction between urban form and transit demand drawn from urban economic theory. Population density has...
Persistent link: https://www.econbiz.de/10010659023
This paper introduces risk into location and land-use choices of a profit-maximizing urban firm. Although risk has been introduced into the location theories of Von Thünen, Weber, and Hotelling (Asami and Isard, 1989), it has not to our knowledge been incorporated into a firm’s choice of...
Persistent link: https://www.econbiz.de/10010659027
The theory of the urban firm has been moribund for thirty years. We believe this is due to the perception that the theory cannot generate testable hypotheses. In fact, the theory yields unambiguous comparative static results. We find location and land use directly related to product price and...
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