Abstract:The computable urban economic (CUE) model is a tool for analyzing real urban economies and evaluating urban polices in practice. The CUE model can output a set of variables which describe a real urban...The computable urban economic (CUE) model is a tool for analyzing real urban economies and evaluating urban polices in practice. The CUE model can output a set of variables which describe a real urban economy; a distribution of locators or activities including households and firms, a distribution of land use including residential, commercial, manufacturing, business, agricultural and other types and a distribution of land price/rent and building price/rent. The CUE model, working with transport models consistent with microeconomic theory, also output a distribution of passenger trips aggregated by origin destination (OD), mode and path, a distribution of freight cargo as well. This paper first presents a general and standard form of the CUE model. The mathematical form of the CUE model and its theoretical features are described. The behavior of each economic agent including consumption, production and location choice is formalized in utility-maximizing or profit-maximizing principle. Demand and supply in land or building markets are balanced in any zone. An equilibrium state of a urban economy is defined as a solution of a system of equations and is rewritten as a solution of an equivalent mathematical programming. The paper then introduces several models in the CUE model family developed and applied in Japan. Each model is compared with other from viewpoints of experiences of application, mathematical function form and programmability of equilibrium.Read More
Publication Year: 2009
Publication Date: 2009-01-01
Language: en
Type: article
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Cited By Count: 5
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