The effect of the constraint on location demand is found by differentiating (3.56) to find dk*/dxm = Pk/[-Pkkxm - Tkk] agt; 0. ... (3.58) If an increase in wage income increases the marginal time cost of travel, then the consumer reduces commuting anbsp;...
|Title||:||Urban consumer theory|
|Author||:||Geoffrey K. Turnbull|
|Publisher||:||Urban Inst Pr - 1995|