Showing papers in "Regional Science and Urban Economics in 1988"

TL;DR: In this paper, a spatial version of the Chamberlinian monopolistic competition model is developed, in which a continuum of firms supply a spectrum of differentiated goods to homogeneous households in a linear city.

TL;DR: In this article, the authors model agglomeration economies endogenously, showing explicitly the origins of the external effects involved, and focus on how variety within the urban service sector is determined, within a market structure of monopolistic competition.

TL;DR: In this paper, an integrated demand and supply approach to the formation of cities in spatial economy is presented, in which demand considerations, in the form of consumer agglomeration economies (i.e., product variety), are presented as a major cause of urban aggliomeration.

TL;DR: The authors empirically examined the pattern of regional income inequality displayed in advanced stages of economic development, building from the convergent phase of the inverted-U hypothesis, originally developed by Kuznets for personal income inequality, but adapted by Williamson for regional inequality.

TL;DR: In this article, the authors examine the multiproduct nature of water supply relative to economies of scale and scope and show that the utility on the whole experiences economies of scope associated with joint production of the two services.

TL;DR: In this article, the qualitative effects of different types of uncertainty on the timing and structural density of land development are assessed and it is shown that uncertainty increases its value proportionately more than it increases the value of developed property.

TL;DR: In this paper, a multi-equation econometric model of production-infrastructure interlinkages and adjustments is developed based on a flexible functional form Adjustment dynamics are endogenized and costs of adjustments are explicitly incorporated.

TL;DR: In this article, the authors consider the dynamic behavior of housing markets and show that interest rates affect the implicit rental value of housing and indicate how the latter is related to the stock demand for housing and new construction.

TL;DR: In this article, the demand system generated from a CES utility function is formally equivalent to the solution of a nested logit model to which the second stage is described by a deterministic Cobb-Douglas utility.

TL;DR: In this paper, the authors summarized the methodological issues in applying Rosen's model of implicit markets to housing characteristics and discussed advantages and disadvantages of various means of coping with these problems in empirical applications.

TL;DR: In this article, the authors consider a general oligopoly model introduced by Dafermos and Nagurney which subsumes some models treated earlier numerically and give alternative variational inequality formulations of the governing Nash equilibrium defined over Cartesian products of sets and exploit these formulations to construct non-linear and linearized serial decomposition schemes by firms and by firm and demand market pairs.

TL;DR: This article showed that manufacturing plants within the same industry, but located in different places, often have different production characteristics, based on the time series estimation of a general production model for each of four industries in Los Angeles and Philadelphia.

TL;DR: In this paper, the spatial concentration of economic activity is modeled as a tag-of-war between consumer taste heterogeneity for location and external production benefits from the agglomeration of firms at the same location.

TL;DR: This article examined the locations of firms when consumers live in five towns that are equally spaced along a roadway and found that if heterogeneity in consumer preferences is large relative to the distance between towns, all firms agglomerate at the center.

TL;DR: A theoretical model is developed which analyzes the impact of the spatial distribution of a family's stock of human capital on its migration decision and derives and estimated a data set consisting of a number of cases from the Michigan Panel Study of Income Dynamics.

TL;DR: In this article, the authors relax the assumption of perfect homogeneity in tastes of individuals belonging to the same class and study the impact of heterogeneity in tastes on urban structure using the simplest meaningful clone of the standard model: all arguments are presented in the context of a metropolitan area which is partitioned in two homogeneous zones, centre and suburd.

TL;DR: The application of mathematical functions to population density data within metropolitan areas has become a well-established analytical procedure as discussed by the authors, and the more important functions that have been previously employed in this connection are reviewed, and two additional functional forms are suggested.

TL;DR: In this article, the design and preliminary implementation of a dynamic, policy oriented model of the regulated Swedish housing market is presented, which simulates a sequence of temporary annual equilibria which are obtained by balancing effective demands with effective supplies.

TL;DR: In this paper, a model is proposed to explain a large proportion of variation in forecast errors, and empirical application is made to inaccuracies arising in the RAS procedure for projecting bivariate region/industry employment arrays.

TL;DR: In this paper, price equilibria are studied for markets characterized both by supply rigidities and demand heterogeneity, where total demand and supply are essentially identical, the primary role of prices is to allocate available commodity types among consumer types.

TL;DR: In this paper, the effect of variations in capacity utilization on changes in output is considered and the authors find that the bias in the capacity unadjusted measure of multifactor productivity growth is approximately 8 percent in East North Central and over 33 percent in Mountain.

TL;DR: In this article, an economic model of highway traffic flow is developed, and the authors demonstrate the economic relevance of the uneconomic region of production for this important concrete example, which is referred to as Stage 3 of the Law of Variable Proportions.

TL;DR: In Simon's 1947 model, the rankings of industries by income elasticities and by technologically induced changes in input quantities were proven identical as mentioned in this paper, and Johansen's conjecture that this does not extend to more than two sectors is confirmed by counterexample.