An Economic Analysis of the Impact of Oil Prices on Urban Structures

by James R. Melvin, David T. Scheffman

Overview

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.

Product Details

ISBN-13:	9780802033956
Publisher:	University of Toronto Press
Publication date:	12/15/1983
Series:	Ontario Economic Council Research Studies
Pages:	152
Product dimensions:	6.14(w) x 9.21(h) x 0.33(d)

About the Author

JAMES R. MELVIN is a member of the Department of Economics at the University of Western Ontario. David T. Scheffman is the Managing Director of Berkeley Research Group. He is a scholar of economics and has over 12 years of experience in a number of senior positions at the U.S. Federal Trade Commission's Bureau of Economics.