Abstract
The basic theory of the supply of space was set out in Chapter 4. From it we derived three testable predictions about the relationship between land values, property values, density, and distance from the city centre, and these predictions were confirmed by the evidence presented in Chapter 5. From this we concluded that the theory is reasonably realistic, and in Chapter 6 the theory was used as the basis for a discussion of the characteristics of equilibrium in the market for space in the city. If the market for space is considered in more detail, however, certain of the assumptions made in Chapter 4 may be thought unrealistic. In this chapter we digress from the main argument to consider the implications of altering two of them, in order to determine the possible implications for the theory of residential location.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Copyright information
© 1973 Alan W. Evans
About this chapter
Cite this chapter
Evans, A.W. (1973). The Supply of Space — II. In: The Economics of Residential Location. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-01889-5_7
Download citation
DOI: https://doi.org/10.1007/978-1-349-01889-5_7
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-01891-8
Online ISBN: 978-1-349-01889-5
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)