Urban Economic Theory

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Focusing on the economic motivations behind residential choices, the book develops a unified theory of urban land use and city size through the bid rent function. It begins with a microeconomic analysis of household location behavior, discussing equilibrium and optimal land use and city sizes. The second part builds on classical theories by incorporating external factors like public goods, congestion, and racial prejudice. Its rigorous mathematical approach appeals to researchers in urban economics, geography, and planning.