Microeconomic modeling in urban science. ([2018])

• Record Type: Book
• Further Information: Note: Francisco Javier Martínez Concha.
• Authors: Martínez, Francisco, 1958-
• Contents: Front Cover; Microeconomic Modeling in Urban Science; Microeconomic Modeling in Urban Science; Copyright; Dedication; Contents; Foreword; References; Acknowledgments; Notation; 1 -- Introduction; 1.1 Initial Motivation; 1.2 Toward an Urban Science; 1.3 About the Book; Book Content; Book Structure; 1.4 Issues in Urban Structures; Land Use Problem; Land Auctions; Externalities; Regulations; Accessibility; The Economy; Urban System: Land Use and Transportation Interaction; 1.5 Issues in Urban Modeling; Why Modeling?; Diversity of Choices and Their Perceptions; System Size; Complex System Bottom-Up ApproachStochastic Approach; Discrete Modeling; Residential and Nonresidential Activities; Location Representation; Location Prices; Static Versus Dynamic Approaches; 1.6 Remarks; References; 2 -- Accessibility∗; 2.1 The Concept; 2.2 Alternative Measures; 2.3 The Microeconomic Measure of Interactions; 2.4 Definition of Access; 2.5 Measuring Access; Spatial Interaction Entropy Model; Discrete Choice Random Utility Model; 2.6 Location Externalities and Agglomeration Economies; 2.7 Summary; Technical Note 2.1: Spatial Interaction Entropy Model Technical Note 2.2: Discrete Choice Random Utility ModelExercise 2.1; References; 3 -- Discrete Urban Economic Theory; 3.1 Introduction; The Structure of a Land-Use System; Characteristics of the Market; 3.2 The Consumer Location Problem; The Household Location Utility Approach; The Bid-Auction Approach; The Auction in the Real Estate Market; The Willingness to Pay; The Auction Allocation Process; The Hedonic Price; Firms' Location Problem; The Firm Continuous Location Model; The Firm Discrete Location Model; 3.3 The Bid-Choice Equivalence; 3.4 Suppliers' Behavior; The Continuous Supply Model The Discrete Model of Durable StockThe Unified Land-Real Estate Market; The Generalized Model; 3.5 Market Clearing2; 3.6 Summary; Technical Note 3.1: The Auction Mechanism; Technical Note 3.2: Consumers' Surplus; Exercise 3.1; References; 4 -- The Stochastic Bid-Auction Land-Use Model; 4.1 Introduction; The Stochastic Approach; The Aggregation; 4.2 The Random Utilities; The Interpretation of the Stochastic Term; 4.3 The Random Willingness to Pay; Linear Utilities; Nonlinear Utilities; 4.4 The Stochastic Demand Model; The Assumptions of the Multinomial Logit Model The Multinomial Logit Choice Probability: Utility ApproachThe Multinomial Logit Choice Model: Consumer Surplus Approach; The Multinomial Frechit Choice Model: Consumer Surplus; 4.5 Substitution Property of Stochastic Demand; 4.6 The Stochastic Bid-Auction Approach; The Multinomial Logit Bid-Auction Probability; The Logit Hedonic Price; The Multinomial Frechit Bid-Auction Probability; The Frechit Hedonic Price; Estimation of Willingness to Pay; 4.7 The Stochastic Bid-Choice Equivalence; Equivalence in the Logit Model; Equivalence in Frechit Model; 4.8 The Stochastic Supply Model
• Publisher Details: Cambridge, MA : Academic Press, an imprint of Elsevier
• Publication Date: 2018
• Copyright Date: 2018
• Extent: 1 online resource
• Subjects: 330.91732; Urban economics; Microeconomics; BUSINESS & ECONOMICS / Economics / General; BUSINESS & ECONOMICS / Reference; Electronic books
• Languages: English
• ISBNs: 9780128152973; 0128152974
• Related ISBNs: 9780128152966
• Notes: Note: Includes bibliographical references and index.; Note: Online resource; title from PDF title page (EBSCO, viewed July 16, 2018).
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.