| Urban Economics |
Index for Urban |
Website Links For Urban Economics |
Information AboutUrban Economics |
|
Since its formulation in 1964, William Alonso's model of a city as a disc-shaped Central Business District (CBD) and surrounding residential region has served as a starting point for urban economic analysis. However, due to evolution of the urban spatial form due to changes in technology, modes of communication and transportation, it is generally recognized that the monocentric paradigm may no longer be universally valid. Several explanations for polycentric expansion have been proposed and summarized in models that account for factors such as utility gains from lower average land rents and increasing (or constant returns) due to economies of agglomeration. References
|