density_development

Computes residential and commercial floorspace supply and equilibrium prices.

Develops a General Equilibrium (GE) Model, which estimates key variables such as wages, the number of residents and workers, the prices of the floor space, and its distribution between commercial and residential use, as in Ahlfeldt et al., (2015) <doi:10.3982/ECTA10876>. By doing so, the model allows understanding the economic influence of different urban policies.

Roman Zarate

IGC.CSM

Simulate Impact of Different Urban Policies Through a General
Equilibrium Model

David Zarruk

density_development function

<dl><dt>Q</dt>
<dd>Nx1 array - Floorspaces prices.</dd>
<dt>K</dt>
<dd>Nx1 array - Land supply.</dd>
<dt>w</dt>
<dd>NxS - Wages in each location in each sector.</dd>
<dt>L_j</dt>
<dd>Nx1 matrix - Number of workers in each location.</dd>
<dt>y_bar</dt>
<dd><ul>
<li>Average income in each location.</li>
</ul></dd>
<dt>L_i</dt>
<dd>Nx1 matrix - Number of residents in each location.</dd>
<dt>beta</dt>
<dd>Float - Cobb-Douglas parameter output elasticity wrt labor.</dd>
<dt>alpha</dt>
<dd>Float - Utility parameter that determines preferences for
consumption.</dd>
<dt>mu</dt>
<dd>Float - Floorspace prod function: output elast wrt capita, 1-mu wrt land.</dd></dl>

Arguments

Computes residential and commercial floorspace supply and equilibrium prices. — density_development

<dl>

<dt>Q</dt>
<dd>Nx1 array - Floorspaces prices.</dd>


<dt>K</dt>
<dd>Nx1 array - Land supply.</dd>


<dt>w</dt>
<dd>NxS - Wages in each location in each sector.</dd>


<dt>L_j</dt>
<dd>Nx1 matrix - Number of workers in each location.</dd>


<dt>y_bar</dt>
<dd><ul>
<li>Average income in each location.</li>
</ul></dd>


<dt>L_i</dt>
<dd>Nx1 matrix - Number of residents in each location.</dd>


<dt>beta</dt>
<dd>Float - Cobb-Douglas parameter output elasticity wrt labor.</dd>


<dt>alpha</dt>
<dd>Float - Utility parameter that determines preferences for
consumption.</dd>


<dt>mu</dt>
<dd>Float - Floorspace prod function: output elast wrt capita, 1-mu wrt land.</dd>

</dl>

density_development: Computes residential and commercial floorspace supply and equilibrium prices.

Description

Usage

Arguments