Alonso'S Discrete Population Model Of Land Use: Efficient Allocations And Competitive Equilibria
AbstractIn his 1964 book, W. Alonso proposed several concepts of land-use equilibrium in terms of discrete population. However, the so-called new urban economics has been concerned exclusively with continuous population models. It is the authors' belief that in order to develop logical foundations for continuous population models, it would be useful to go back to the original models of Alonso. In this paper, they focus on the additive land price model of Alonso and examine its solution characteristics. In particular, the authors demonstrate the existence and Pareto efficiency of equilibria and the supportability of efficient allocations through additive land price systems. Copyright 1992 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.
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Bibliographic InfoPaper provided by University of Rochester - Center for Economic Research (RCER) in its series RCER Working Papers with number 217.
Length: 49 pages
Date of creation: 1990
Date of revision:
Contact details of provider:
Postal: University of Rochester, Center for Economic Research, Department of Economics, Harkness 231 Rochester, New York 14627 U.S.A.
population ; land ; resource allocation ; economic equilibrium;
Other versions of this item:
- 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, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 33(3), pages 535-66, August.
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