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- W2049682015 abstract "This paper presents explicit solutions for expanding monocentric cities. Housing is durable, and redevelopment cannot take place. Landlords have perfect foresight. The utility function and housing technology are Cobb-Douglas. The population of the city, per capita income, construction costs, and transportation costs per mile change at constant percentage rates. The model is solved analytically, using an infinite time horizon. If the population growth rate is greater (less) than twice the difference between the growth rates of income and transportation costs, development density increases (decreases) with distance from the city center. Detailed comparative statics are presented for both open city and closed city growth." @default.
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- W2049682015 date "1988-01-01" @default.
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- W2049682015 title "Uniform spatial growth with perfect foresight and durable housing" @default.
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- W2049682015 doi "https://doi.org/10.1016/0094-1190(88)90004-6" @default.
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