A GENERAL EQUILIBRIUM MODEL WAS BUILT WHICH SHOWS HOW THE LOCATIONS OF EMPLOYMENT AND RESIDENCES ARE RELATED TO ALTERNATIVE TRANSPORTATION SYSTEMS. THE MODEL WAS APPLIED TO DIFFERENT SIZE CITIES. THE ANALYSIS SUGGESTS THAT THE CONSTRUCTION OF A SUBWAY SYSTEM WILL NOT NECESSARILY RESULT IN THE REVITALIZATION OF THE CENTRAL BUSINESS DISTRICT (CBD) OR IN THE REVERSING OF THE TREND TOWARD SUBURBANIZATION. ALTHOUGH LAND RENT IS GENERALLY HIGHER IN THE CITY WITHOUT SUBWAY SYSTEMS THAN IN THE CITY WITH SUBWAY SYSTEMS, THE STEEPER RENT GRADIENT AT THE PERIPHERIES OF THE FORMER, ALONG WITH OTHER FINDINGS, SUGGEST THAT THE RATE OF SUBURBANIZATION OF THE CITY WITHOUT SUBWAY SYSTEMS IS NOT SIGNIFICANTLY HIGHER THAN OF THE CITY WITH SUBWAY SYSTEMS.(Author/publisher).
Abstract