The effects of an equiproportional transport improvement in a fully-closed Monocentric City

Richard Arnott, David Pines, Efraim Sadka

Research output: Contribution to journalArticlepeer-review

Abstract

This paper investigates the effects of an equiproportional transport improvement (or, equivalently, a fall in the 'price' of transportation) in a fully-closed monocentric city. It focuses on the impact of the improvement on aggregate land rents, differential land rents, and aggregate transport costs. The elasticity of the aggregate transport demand is related to the elasticity of substitution between land and all other goods and the compensated elasticity of demand for land.

Original languageEnglish
Pages (from-to)387-406
Number of pages20
JournalRegional Science and Urban Economics
Volume16
Issue number3
DOIs
StatePublished - Aug 1986

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