An Economic Analysis of the Impact of Oil Prices on Urban Structures / James R. Melvin, David T. Scheffman.

Format:

Book

Author/Creator:

Melvin, James R., Author.

Scheffman, David T., 1943- Author.

Contributor:

Ontario Economic Council.

Series:

Heritage

Language:

English

Subjects (All):

Cities and towns--Canada.

Cities and towns.

Urban economics.

Petroleum products--Prices--Canada.

Petroleum products.

Canada.

Physical Description:

1 online resource (vi, 145 pages) : illustrations

Other Title:

Impact of oil prices.

Place of Publication:

Toronto : University of Toronto Press, [2019]

Language Note:

In English.

Summary:

This study examines ways in which residents of Canadian cities are affected by increases in petroleum prices. The authors apply economic models of residential and industrial location to determine the response of individuals and firms to higher oil prices in the short run and the long run. The short run effects include conservation of higher price petroleum products and reduction in other expenditures; the long run effects include movement closer to employment centres, changes in urban densities, rents, and house prices, and the substitution of other forms of transit. The implications for municipal zoning, the provision of parks, the location of schools and other public facilities, and plans for road building and expressways are also considered.

Contents:

Frontmatter

Contents

1. Introduction

2. An economic explanation of urban history

3. The theoretical issues

4. Existing theoretical models

5. Substitution responses to gasoline price increases

6. Policy simulations of theoretical models

7. The empirical literature

8. Urban structure in Canada

9. Policy implications and conclusions

APPENDIX A. Derivation of Mills's model

APPENDIX B. The mathematical formulation of substitution models

APPENDIX C. Policy simulation models

Bibliography

Notes:

Title on spine: Impact of oil prices.

Includes bibliographical references (pages [137]-145).

Description based on online resource; title from PDF title page (publisher's Web site, viewed 26. Nov 2019)

ISBN:

1-4875-7372-3

OCLC:

1129148746