Equilibrium and the Core in Alonso's Discrete Population Model of Land Use
AbstractConventional wisdom tells us that with no market failure and local non-satiation of preferences, the core is at least as large as the collection of competitive equilibrium allocations.We con.rm this for a standard model featuring land.Next we consider the public land ownership version of the model. If the role of land ownership and rent distribution is assumed by a government that ploughs back rent (at least in excess of its agricultural value) to its citizens, the equilibrium remains efficient, but no longer need be in the core.
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Bibliographic InfoPaper provided by Tilburg University, Center for Economic Research in its series Discussion Paper with number 2004-118.
Date of creation: 2004
Date of revision:
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Web page: http://center.uvt.nl
Publicly Provided Private Goods; Equilibrium; Core;
Other versions of this item:
- Marcus Berliant & Thijs ten Raa, 2007. "Equilibrium And The Core In Alonso'S Discrete Population Model Of Land Use," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 48(1), pages 235-246, 02.
- Marcus Berliant & Thijs ten Raa, 2004. "Equilibrium and the Core in Alonso's Discrete Population Model of Land Use," Public Economics 0411010, EconWPA, revised 23 Jun 2005.
- H42 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Private Goods
- R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies
- R52 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Land Use and Other Regulations
- D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-01-02 (All new papers)
- NEP-GEO-2005-01-02 (Economic Geography)
- NEP-GTH-2005-01-02 (Game Theory)
- NEP-URE-2005-01-02 (Urban & Real Estate Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Berliant, Marcus & Papageorgiou, Yorgos Y. & Wang, Ping, 1990. "On welfare theory and urban economics," Regional Science and Urban Economics, Elsevier, vol. 20(2), pages 245-261, September.
- Berliant, Marcus & Fujita, Masahisa, 1992.
"Alonso's Discrete Population Model of Land Use: Efficient Allocations and Competitive Equilibria,"
International Economic Review,
Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 33(3), pages 535-66, August.
- Berliant, M. & Fujita, M., 1990. "Alonso'S Discrete Population Model Of Land Use: Efficient Allocations And Competitive Equilibria," RCER Working Papers 217, University of Rochester - Center for Economic Research (RCER).
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