Impact of Landownership on Residential Land Use Equilibria
The objectives of this paper are twofold. First, we propose a general model of residential land use which includes both the absentee landownership model and the public landownership model as special cases. We propose a model of two types of households with and without landownership. Second, we show that the land use equilibrium uniquely exists, and examine how this land use equilibrium will be altered with changes in landownership.
KeywordsCentral Business District Residential Land Urban Economic Land Rent Equilibrium Utility
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