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 confirm 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 EconWPA in its series Public Economics with number 0411010.
Length: 14 pages
Date of creation: 22 Nov 2004
Date of revision: 23 Jun 2005
Note: Type of Document - pdf; pages: 14
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Web page: http://18.104.22.168
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.
- Berliant, M. & Raa, T. ten, 2004. "Equilibrium and the Core in Alonso's Discrete Population Model of Land Use," Discussion Paper 2004-118, Tilburg University, Center for Economic Research.
- 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
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- 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).
- 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.
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