Abstract/Details

An equilibrium model of activity location and land allocation: A simulation of the land market for Portland, Oregon


1996 1996

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Abstract (summary)

An equilibrium model of the market for urban land is formulated by combining continuous models of land consumption with discrete choice models of household location, firm location, and land allocation. The model of the demand for residential land is a composite of a continuous model of household land consumption and a discrete choice model of household location. The models of the demand for industrial and commercial land are composites of continuous models of firm land consumption and discrete choice models of firm location. The model of the supply of residential, industrial, and commercial land is a discrete choice model of landowner allocation decisions. When combined with a Walrasian price adjustment mechanism, the models of land demand and land supply can be used to calculate an equilibrium land market allocation, where the supply and demand for residential, industrial, and commercial land are equated. The residential, industrial, and commercial land rents that are a solution to the equilibrium land market allocation model completely determine the locations of households and firms; the land consumption levels of households, industrial firms, and commercial firms; and the land allocation decisions of landowners. The mathematical properties of the land demand and land supply models ensure the existence and uniqueness of a set of equilibrium land rents. The equilibrium land market allocation model is used to simulate the market for urban land in the Portland/Vancouver metropolitan region. For the Portland/Vancouver region, solutions to the equilibrium land market allocation model are calculated for a baseline scenario, an urban growth boundary scenario, and a property tax scenario. Differences between equilibrium land rents, household and firm locations, equilibrium land use, and household, firm, and landowner welfare measures are examined to evaluate the simulated effects of the urban growth boundary and property tax polices.

Indexing (details)


Subject
Urban planning;
Area planning & development;
Economics
Classification
0999: Urban planning
0999: Area planning & development
0501: Economics
Identifier / keyword
Social sciences; commercial land; industrial land; residential land
Title
An equilibrium model of activity location and land allocation: A simulation of the land market for Portland, Oregon
Author
Stiff, David Lloyd
Number of pages
302
Publication year
1996
Degree date
1996
School code
0175
Source
DAI-A 57/11, Dissertation Abstracts International
Place of publication
Ann Arbor
Country of publication
United States
ISBN
9780591205718, 0591205718
Advisor
Putman, Stephen H.
University/institution
University of Pennsylvania
University location
United States -- Pennsylvania
Degree
Ph.D.
Source type
Dissertations & Theses
Language
English
Document type
Dissertation/Thesis
Dissertation/thesis number
9713011
ProQuest document ID
304310948
Copyright
Database copyright ProQuest LLC; ProQuest does not claim copyright in the individual underlying works.
Document URL
http://search.proquest.com/docview/304310948
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