Constraints on land consumption and urban rent gradients

Article Abstract:

A study is presented of the effects of residential land consumption constraints on residential land-rent gradients in a standard monocentric model of the urban residential land market. Binding constraints on land consumption usually reduce rents on land below their free-market levels. Positive land-rent gradients may exist, however, if constraints hold land consumption below free-market levels and stipulate that land consumption increases with distance to the city center. This is demonstrated by a model with a Cobb-Douglas utility function, and is illustrated with a numerical example.

Models, Consumption (Economics), Land use, Geographical research

---

Optimal road capacity with suboptimal congestion toll

Article Abstract:

The relationship of the demand effect of highway congestion tolls to the cost effect determines whether the optimal second-best capacity is larger or smaller than the first-best capacity. This in turn depends on the important parameters of the price elasticity of demand for travel and the elasticity of substitution of travel time for highway capacity in trips.

Travel research, Highway research

---

Effects of demand uncertainty on optimal capacity and congestion tolls for urban highways

Article Abstract:

The optimal capacity for urban highways under conditions of uncertain demand is greater relative to the average level of highway use than the right capacity for the certainty case. The optimal congestion toll can be either larger or smaller depending on its effect on the variance of equilibrium highway use.

Usage, Traffic congestion, Roads

Similar abstracts:

• Abstracts: Owner occupancy: investment vs consumption demand. Dynamic aspects of consumer decisions in housing markets. Separating Tiebout equilibria
• Abstracts: A comparative dynamic analysis of zoning in a growing city. Household behavior in a monocentric urban area with a public sector
• Abstracts: Equity and efficiency aspects of rent control: an empirical study of New York City. Rent controls and rental housing quality: a note on the effects of New York City's old controls
• Abstracts: Analysis of the changing influences on traditional households' ownership patterns. The effect of rent control on the distribution of income among New York City renters

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.