Modeling urban land use
nFinally, equilibrium requires:
nThe
model provides a solution for the extent of urban land use as a function
of
nWe generalize the
model to include an export sector and obtain comparative
statics with respect to:
•MP of land in goods production
•World price of the export good
Land made
available for housing
Transport
costs
MP of land
in housing production
Income
Agricultural
land values
Population