Aggregate Land Rents, Expenditure on Public Goods, and Optimal City Size

Richard Arnott and Joseph Stiglitz

The Quarterly Journal of Economics, 1979, vol. 93, issue 4, 471-500

Abstract: I. An example, 473.—II. The generality of the Henry George Theorem, 477.—III. On using land rents as a measure of the benefits from public goods, 490.—IV. Competitive attainability of a Pareto optimal distribution of economic activity, 496.—V. Concluding comments, 498.

Date: 1979
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