Optimal City Hierarchy: A Dynamic Programming Approach to Central Place Theory

• Main Authors: HSU, Wen-Tai, HOLMES, Thomas J., MORGAN, Frank
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2013
• 主題: Central place theory; City hierarchy; Dynamic programming; Fixed point; Principle of optimality; R12; R13; Behavioral Economics; Economics; Economic Theory; Urban Studies and Planning
• 在線閱讀: https://ink.library.smu.edu.sg/soe_research/1533; https://ink.library.smu.edu.sg/context/soe_research/article/2532/viewcontent/city_optimal_072612_no_app.pdf
• 機構: Singapore Management University

Central place theory is a key building block of economic geography and an empirically plausible description of city systems. This paper provides a rationale for central place theory via a dynamic programming formulation of the social planner's problem of city hierarchy. We show that there must...