Urban consumer theory Book

Urban consumer theory focuses on the spatial dimension of household work-residence decisions and provides the intellectual foundation for much of what constitutes urban and real estate economics. This book provides the first complete exposition of consumer location theory, bringing together various models scattered throughout the literature into a single, comprehensive, framework. Because urban households can move in response to changes in their income, prices of housing and other goods, transportation costs, etc., urban consumer theory adds a spatial dimension to the analysis of behavior. This text begins with an exposition of these responses using a simple unified model that is then extended to cover a variety of rather advanced issues. For example, the effects of household labor-leisure choices, government tax and housing subsidy programs, and recent developments in effects of uncertainly are all analyzed using simple extensions of the basic model. In all cases, the exposition includes graphical demonstration of the household's responses, which makes the results accessible to those with less mathematical preparation. The second in the series of monographs sponsored by the American Real Estate and Urban Economics Association (AREUEA). Series editor, Anthony M.J. Yezer. It should be invaluable as a core text for students of urban and real estate economics and a valuable reference for those involved in applications of consumer location theory.