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Efficient Allocation of Land between Productive Use and Recreational Use

Author

Listed:
  • Eduardo L. Giménez Fernández

    (Departamento de Fundamentos da Análise Económica e Historia Económica. Universidade de Vigo)

  • Manuel González-Gómez

    (Departamento de Fundamentos da Análise Económica e Historia Económica Universidade de Vigo)

Abstract

In this paper the efficient allocation of natural recreational areas is analysed. Natural recreational areas have the features of public goods. We present the efficient allocation of this non-excludable public good in a rational general equilibrium model with heterogeneous agents. This allows us to deal with the free-rider problem in the provision of the public good. This framework could be considered as a microfoundation of the Lopez, Shah and Altobello (1994) model. In addition we study both the "existence" value and the "use" value of the recreational area in the same setting. A methodological critique is also made of previous empirical literature. It is suggested that our theoretical framework is a suitable starting point for further empirical research. Finally an empirical application for the Galician case is presented. Our results suggest that current allocations of land to natural recreational areas in Galiza are not efficient.

Suggested Citation

  • Eduardo L. Giménez Fernández & Manuel González-Gómez, 2000. "Efficient Allocation of Land between Productive Use and Recreational Use," Documentos de trabajo - Analise Economica 0015, IDEGA - Instituto Universitario de Estudios e Desenvolvemento de Galicia.
    • Handle: RePEc:edg:anecon:0015
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    More about this item

    Keywords

    Land Allocation; Efficient Allocation; Natural Recreational Areas; Public Good; Social Planner Problem; Voluntary Contribution Competitive Equilibrium; Use Value; Existence Value;
    All these keywords.

    JEL classification:

    • Q21 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Demand and Supply; Prices
    • Q24 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Land
    • Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources
    • D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
    • D10 - Microeconomics - - Household Behavior - - - General

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