A model of the impact of transportation investment on land rents |
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| Authors: | Malcolm Getz |
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| Institution: | Vanderbilt University, Nashville, Tenn. 37235, U.S.A. |
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| Abstract: | A monocentric model of urban space with production and residential areas identified is exercised to indicate the possible impacts of transportation investments on land rents. The price elasticity of demand for outputs and the elasticity of the supply of inputs to the urban area are important determinates of the level of rents. The model is useful for identifying the distributional consequences of transportation investments, and has the potential of being used to identify optimal financing schemes. |
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