Economic Theory and the Cities

allocation analysis assume benefits capacity capital Chapter congestion consumers consumption costs curve decline defined demand determined developer discussion economy effect efficient equal equation equilibrium examine example expenditures externalities factor federal Figure firms fiscal fixed flows function given grants groups hence higher housing income increase individual initial investment labor land land rents later less live lower lower-income marginal marginal cost maximize move needed neighborhood Note optimal owners period person policies pollution population possible problem production profits property tax providing public services raises reduced regions relative rent rent gradient rental residential residents respect result rise road scale share shift situation social solution solve spatial speed subsidize substitute suburb supply tion tolls traffic transit unit urban utility variable vary wages zoning