A joint model of residential and employment location in urban areas

Article Abstract:

Modeling residential and employment location in urban areas should incorporate the decisions of both households and firms because these decisions are made interdependently of each other. To satisfy such a requirement, an interdependent model of residential and employment location that consists of both household location equations and employment location equations was developed. This model was empirically tested using census data from the Boston Metropolitan Statistical Area. In addition to standard employment location variables, the set of employment location equations also covered access to workers. Meanwhile, the residential location equations also featured access to jobs in addition to standard residential location variables. Results showed that the location of households influences the location of employment although the location of employment does not affect household location.

Boston, Massachusetts, Metropolitan areas, Residential mobility, Homesites

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Socially Optimal and Equilibrium Distributions of Office Activity: Models with Exogenous and Endogenous Contacts

Article Abstract:

The factors affecting office location in an urban area are investigated. Consideration is given to the employee contact pattern and equilibrium distribution of firms. Two models are developed, neither of which produces socially optimal results for market equilibrium. The sources of market failure are identified as agglomeration economies and transactional externalities.

Industrial efficiency, Economic efficiency, Growth

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Where do firms locate? Testing competing models of agglomeration

Article Abstract:

Firms' location decisions often drive economic models of agglomeration, so distinguishing the causes of agglomeration requires understanding those decisions. Predictions are used to empirically determine which model best explains the location decisions of firms in different US manufacturing industries.

United States, Organizational history, Manufacturing industry, Manufacturing industries, Economic aspects, Location

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