Abstract
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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Hamilton, B.W. (2018). Monocentric Models in Urban Economics. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_859
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DOI: https://doi.org/10.1057/978-1-349-95189-5_859
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