A Comparative static analysis of the optimum town |
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Authors: | Les Witchard |
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Affiliation: | Department of Economics, School of General Studies, Australian National University, Canberra ACT, Australia |
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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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