The Henry George Rule, Scale Economies, and Optimal Land Use

John Hartwick

Working Paper from Economics Department, Queen's University

Abstract: For optimally-sized subunits of a large homogeneous area, we observe that the value of aggregate resources in transportation equals the value of the output ascribable to the land. At the optimal size, increasing returns to scale in production balance off transportation costs so that the economy displays local constant returns to scale.

Pages: 24
Date: 1979
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Persistent link: https://EconPapers.repec.org/RePEc:qed:wpaper:342

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