IDEAS home Printed from https://ideas.repec.org/p/ivi/wpasad/2006-02.html
   My bibliography  Save this paper

Market Equilibrium Under The Circumstances Of Selectable Economic Conditions

Author

Listed:
  • Osamu Keyda

    (Kumamoto Gakuen University)

Abstract

This paper presents an analysis of market equilibrium under the circumstances withseveral discrete economic conditions by using pure exchange economy model. First,as preliminary analysis, it will show the ‘temporal’ market equilibrium under a givendistribution of population over the di erent circumstances in section 2. Next, in section3 our study will prove the existence of market equilibrium in the case that economicagents can choose their economic conditions freely for their utility maximization. Finallyour research tries to approximate our model to the residential location model throughthe specified assumptions on initial endowments and agent’s preference, and it derivessome properties of equilibrium consumptions and prices.

Suggested Citation

  • Osamu Keyda, 2006. "Market Equilibrium Under The Circumstances Of Selectable Economic Conditions," Working Papers. Serie AD 2006-02, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    • Handle: RePEc:ivi:wpasad:2006-02
    as

    Download full text from publisher

    File URL: http://www.ivie.es/downloads/docs/wpasad/wpasad-2006-02.pdf
    File Function: Fisrt version / Primera version, 2006
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Turnbull Geoffrey K., 1993. "The Substitution Theorem in Urban Consumer Theory," Journal of Urban Economics, Elsevier, vol. 33(3), pages 331-343, May.
    2. Wheaton, William C., 1974. "A comparative static analysis of urban spatial structure," Journal of Economic Theory, Elsevier, vol. 9(2), pages 223-237, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Haiwen Zhou, 2013. "The Choice of Technology and Rural-Urban Migration in Economic Development," Frontiers of Economics in China-Selected Publications from Chinese Universities, Higher Education Press, vol. 8(3), pages 337-361, September.
    2. Lu Han & William C. Strange, 2014. "Bidding Wars for Houses," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 42(1), pages 1-32, March.
    3. Kurt Paulsen, 2014. "Geography, policy or market? New evidence on the measurement and causes of sprawl (and infill) in US metropolitan regions," Urban Studies, Urban Studies Journal Limited, vol. 51(12), pages 2629-2645, September.
    4. Arnaud Mertens & Philippe Van Kerm, 2023. "Commuting time and absenteeism: Evidence from a natural experiment," LISER Working Paper Series 2023-08, Luxembourg Institute of Socio-Economic Research (LISER).
    5. Brueckner, Jan K., 2005. "Transport subsidies, system choice, and urban sprawl," Regional Science and Urban Economics, Elsevier, vol. 35(6), pages 715-733, November.
    6. Long, Fenjie & Zheng, Longfei & Song, Zhida, 2018. "High-speed rail and urban expansion: An empirical study using a time series of nighttime light satellite data in China," Journal of Transport Geography, Elsevier, vol. 72(C), pages 106-118.
    7. Bertaud, Alain & Brueckner, Jan K., 2005. "Analyzing building-height restrictions: predicted impacts and welfare costs," Regional Science and Urban Economics, Elsevier, vol. 35(2), pages 109-125, March.
    8. Anas, Alex & Chang, Huibin, 2023. "Productivity benefits of urban transportation megaprojects: A general equilibrium analysis of «Grand Paris Express»," Transportation Research Part B: Methodological, Elsevier, vol. 174(C).
    9. Ismir Mulalic & Jos N. Van Ommeren & Ninette Pilegaard, 2014. "Wages and Commuting: Quasi‐natural Experiments' Evidence from Firms that Relocate," Economic Journal, Royal Economic Society, vol. 124(579), pages 1086-1105, September.
    10. Brueckner, Jan K. & Lall, Somik V., 2015. "Cities in Developing Countries," Handbook of Regional and Urban Economics, in: Gilles Duranton & J. V. Henderson & William C. Strange (ed.), Handbook of Regional and Urban Economics, edition 1, volume 5, chapter 0, pages 1399-1455, Elsevier.
    11. Marcy Burchfield & Henry G. Overman & Diego Puga & Matthew A. Turner, 2006. "Causes of Sprawl: A Portrait from Space," The Quarterly Journal of Economics, Oxford University Press, vol. 121(2), pages 587-633.
    12. Hafiz A. Pasha, 1987. "Housing for Temporary Residents: A Study of Pilgrims to Makkah," Urban Studies, Urban Studies Journal Limited, vol. 24(4), pages 312-323, August.
    13. Paulsen, Kurt, 2012. "Yet even more evidence on the spatial size of cities: Urban spatial expansion in the US, 1980–2000," Regional Science and Urban Economics, Elsevier, vol. 42(4), pages 561-568.
    14. Michael Brolley & John Hartwick, 2008. "Sunnier, Denser And More Productive Cities," Working Paper 1190, Economics Department, Queen's University.
    15. Coisnon, Thomas & Oueslati, Walid & Salanié, Julien, 2014. "Urban sprawl occurrence under spatially varying agricultural amenities," Regional Science and Urban Economics, Elsevier, vol. 44(C), pages 38-49.
    16. Borghorst, Malte & Mulalic, Ismir & van Ommeren, Jos, 2021. "Commuting, Children and the Gender Wage Gap," Working Papers 15-2021, Copenhagen Business School, Department of Economics.
    17. Jeon, Jae Sik, 2019. "How housing market responds to greenbelt relaxation: Case of Seoul Metropolitan Area, South Korea," Land Use Policy, Elsevier, vol. 84(C), pages 328-334.
    18. Stéphanie Pérès, 2007. "Dynamique urbaine et rente foncière viticole dans le bordelais : une approche économétrique de la résistance," Post-Print hal-00232728, HAL.
    19. Miquel- Àngel Garcia-López, 2012. "Urban spatial structure, suburbanization and transportation in Barcelona," Working Papers 2012/11, Institut d'Economia de Barcelona (IEB).
    20. Sato, Yasuhiro & Xiao, Wei, 2015. "Land development, search frictions and city structure," Regional Science and Urban Economics, Elsevier, vol. 50(C), pages 63-76.

    More about this item

    Keywords

    equilibrium; local goods; excess utility;
    All these keywords.

    JEL classification:

    • D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies
    • R20 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - General

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ivi:wpasad:2006-02. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Departamento de Edición (email available below). General contact details of provider: https://edirc.repec.org/data/ievages.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.