English, Article, Journal or magazine article edition: Your Place in Space: Classroom Experiment on Spatial Location Theory Margo Bergman; G. Dirk Mateer; Michael Reksulak; ...

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Bookmark: http://trove.nla.gov.au/version/195172
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Your Place in Space: Classroom Experiment on Spatial Location Theory
Author
  • Margo Bergman
  • G. Dirk Mateer
  • Michael Reksulak
  • Jonathan C. Rork
  • Rick K. Wilson
  • David Zirkle
Physical Description
  • preprint
Notes
  • The authors detail an urban economics experiment that is easily run in the classroom. The experiment has a flexible design that allows the instructor to explore how congestion, zoning, public transportation, and taxation levels determine the bid-rent function. Heterogeneous agents in the experiment compete for land use utilizing a simple auction mechanism. Using the data that is collected, a bid-rent function is derived, and the experimental treatment is altered over the course of three sessions to uncover core concepts in urban economics. Moreover, this provides a tangible experience that can be used to help undergraduates relate to urban issues such as the steep rent gradient found around many larger colleges and universities.
  • RePEc:exc:wpaper:2008-09
Language
  • English
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