The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Monocentric Models in Urban Economics

  • Bruce W. Hamilton
Reference work entry


Monocentric models presuppose the existence of a point in geographic space to which access is scarce, hence valuable. They are not concerned with the reasons why access is desirable, but rather with its consequences, especially the manner in which markets allocate access.

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Bruce W. Hamilton
    • 1
  1. 1.