Discrete choice theory and the general equilibrium of employment, housing, and travel networks in a Lowry-type model of the urban economy.

Households' choices of employment type, employment location, type and location of housing, shopping destination, and choice of travel routes in the journey to work and journey to shop are determined simultaneously by means of stochastic utility maximization. Firms' choices of building type and location and landowners' choices of land-use type and density are determined by means of stochastic profit maximization. Travel occurs on a congestible link-node network. The model determines the wage rate for each employment type, price of floor space for each building type, price of land, price of the locally traded composite commodity, and the peak and off-peak congested travel-cost and travel-time for each link of the network. The quantity of land which remains undeveloped is also determined.-from Author