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A Comparative static analysis of the optimum town
Authors:Les Witchard
Institution:Department of Economics, School of General Studies, Australian National University, Canberra ACT, Australia
Abstract:A simplified form of the standard model of a factory town is used to obtain some results in the comparative static analysis of the optimum town. The opportunity cost of land, the time taken for a worker to travel unit distance, and the (constant) population density in the residential zone are used as shift parameters. It is found that in only a few cases can the sign of the induced changes in the structure of the town be determined unambiguously. These results contrast sharply with those obtained by 3.]] using an equilibrium model.
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