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Unformatted text preview: Theory of Urban Space (Picture)- Logic to their behavior, Logic of Location- Individual Choice/Maximize their utilities- Aggregate into Markets In Central Places- NTP- Jobs- Resources- Markets- Econ of Scale- Preference (People who are rich wants bigger spaces) Urban structure changes (tech and trans) and it is an important factor to urban space In real world there were whole structure before the market—policies Construction structures, Zoning, Land use Jurisdictions who has legal authorities in what parts of space Tax Instruments Rent Controls/ Housing Price Interventions Biggest housing Intervention? Mortgage, FNMA Capital Market Housing Education who is responsible, who pays it Public housings on supply side, it’s not just the demand Transportation...
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This note was uploaded on 05/01/2008 for the course ECON 230 taught by Professor Randy during the Spring '08 term at UMass (Amherst).
- Spring '08