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Rent Gradient Under Uncertainty

Author

Listed:
  • Gershon Alperovich

    (Department of Economics, Bar-Ilan University, Ramat Gan, Israel)

  • Eliakim Katz

    (Department of Economics, Bar-Ilan University, Ramat Gan, Israel)

Abstract

This paper seeks to further develop location theory under uncertainty, within the classical framework of land use models formulated by Von Thünen and Alonso. The analysis proceeds by allowing uncertainty in the price of output, the transport rate of a unit of output and output per unit of land. Results are derived concerning the position and slope of the rent gradient, as compared to the case of certainty.

Suggested Citation

  • Gershon Alperovich & Eliakim Katz, 1985. "Rent Gradient Under Uncertainty," Urban Studies, Urban Studies Journal Limited, vol. 22(3), pages 257-261, June.
    • Handle: RePEc:sae:urbstu:v:22:y:1985:i:3:p:257-261
    DOI: 10.1080/00420988520080391
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    References listed on IDEAS

    as
    1. Wheaton, William C., 1977. "A bid rent approach to housing demand," Journal of Urban Economics, Elsevier, vol. 4(2), pages 200-217, April.
    2. Martinich, Joseph S. & Hurter, Arthur Jr., 1982. "Price uncertainty and the optimal production-location decision," Regional Science and Urban Economics, Elsevier, vol. 12(4), pages 509-528, November.
    3. Mai, Chao-cheng, 1981. "Optimum location and the theory of the firm under demand uncertainty," Regional Science and Urban Economics, Elsevier, vol. 11(4), pages 549-557, November.
    4. DeSalvo, Joseph S. & Eeckhoudt, Louis R., 1982. "Household behavior under income uncertainty in a monocentric urban area," Journal of Urban Economics, Elsevier, vol. 11(1), pages 98-111, January.
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