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Innovations in Travel Demand Modeling, Volume 2: Papers (2008) / Chapter Skim
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T57054 txt_061.pdf
Pages 72-72

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From page 72...
... optimal allocation of land in the sense that each household chooses a home that most satisfies it while developers and land owners maximize profits and rents. The spatial distribution of households and the equilibrium home prices are endogenously determined as the outcome of a housing- market mechanism involving land and transport.
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