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

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

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...

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Bibliographic Details
Main Authors: HSU, Wen-Tai, HOLMES, Thomas J., MORGAN, Frank
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2014
Subjects:
Central place theory
City hierarchy
Dynamic programming
Principle of optimality
Fixed point
Behavioral Economics
Economics
Economic Theory
Urban Studies and Planning
Online Access:https://ink.library.smu.edu.sg/soe_research/1642
https://ink.library.smu.edu.sg/context/soe_research/article/2641/viewcontent/OptimalCityHierarchy_2014.pdf
https://ink.library.smu.edu.sg/context/soe_research/article/2641/filename/0/type/additional/viewcontent/OptimalCityHierarchy_mmc1.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/soe_research/1642
https://ink.library.smu.edu.sg/context/soe_research/article/2641/viewcontent/OptimalCityHierarchy_2014.pdf
https://ink.library.smu.edu.sg/context/soe_research/article/2641/filename/0/type/additional/viewcontent/OptimalCityHierarchy_mmc1.pdf

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