Advanced Search
MyIDEAS: Login

Henry George Theorem in a Dynamic Framework without Accumulation of Public Goods

Contents:

Author Info

  • Masamichi Kawano

    ()
    (School of Economics, Kwansei Gakuin University)

Registered author(s):

    Abstract

    The Henry George Theorem, which is originally established in a static model, asserts that the cost of public good provision should be equal to the total revenue of the land rent to achieve the optimal size of population of each region. This paper examines this theorem in a dynamic framework of overlapping generations model, assuming that the government maximizes the sum of the utilities of the generations of finite periods. We show that the optimal path converges to the stationary state, however, it does not stay on it. We derive that the theorem is valid only in the stationary state, and no longer valid along the optimal path.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://192.218.163.163/RePEc/pdf/kgdp92.pdf
    File Function: First version, 2012
    Download Restriction: no

    Bibliographic Info

    Paper provided by School of Economics, Kwansei Gakuin University in its series Discussion Paper Series with number 92.

    as in new window
    Length: 18 pages
    Date of creation: Aug 2012
    Date of revision: Aug 2012
    Handle: RePEc:kgu:wpaper:92

    Contact details of provider:
    Postal: 1-155 Uegahara Ichiban-cho, Nishinomiya, Hyogo 662-8501
    Phone: +81-(0)798-546496
    Fax: +81-(0)798-510944
    Web page: http://www-econ.kwansei.ac.jp/~econ/index_e.html
    More information through EDIRC

    Related research

    Keywords: Henry George theorem; local public good; overlapping generations model;

    Find related papers by JEL classification:

    This paper has been announced in the following NEP Reports:

    References

    References listed on IDEAS
    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.:
    as in new window
    1. Kanemoto, Yoshitsugu & Ohkawara, Toru & Suzuki, Tsutomu, 1996. "Agglomeration Economies and a Test for Optimal City Sizes in Japan," Journal of the Japanese and International Economies, Elsevier, vol. 10(4), pages 379-398, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:kgu:wpaper:92. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Toshihiro Okada).

    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 references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.

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