Egan, David J.; Nield, Kevin - In: Urban Studies 37 (2000) 3, pp. 611-621
In his seminal paper on the urban land market, Alonso notes that when a purchaser acquires land, he acquires two goods (land and location) in one transaction, and a single payment is made for the combination. Thus it is possible to trade off a quantity of land against location, the principle...