Landownership and Residential Land Use in Urban Economies: Existence and Uniqueness of the Equilibrium

A basic model of residential land use is proposed, in which a group of city residents is assumed to jointly own a circular area of land extending from the central business district. This basic model then allows the existence and uniqueness of the land-use equilibrium to be shown, as well as the effects of land ownership, household income, and population. By extending this model to an arbitrary subset of the city land and by introducing a crowding externalities variable, the effects of land ownership on the land-use equilibrium are examined using comparative statistics. Extremely useful to everyone whose work or research covers the fields of economics, urban planning, or regional studies.