EconPapers    
Economics at your fingertips  
 

Equilibrium and the Core in Alonso's Discrete Population Model of Land Use

Marcus Berliant () and Thijs ten Raa ()

No 2004-118, Discussion Paper from Tilburg University, Center for Economic Research

Abstract: Conventional 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 con.rm 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.

Keywords: Publicly Provided Private Goods; Equilibrium; Core (search for similar items in EconPapers)
JEL-codes: H42 R13 R52 D51 D61 (search for similar items in EconPapers)
Date: 2004
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
https://pure.uvt.nl/portal/files/630082/118.pdf (application/pdf)

Related works:
Journal Article: EQUILIBRIUM AND THE CORE IN ALONSO'S DISCRETE POPULATION MODEL OF LAND USE (2007) Downloads
Working Paper: Equilibrium and the Core in Alonso's Discrete Population Model of Land Use (2005) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:tiu:tiucen:00e041db-9257-41d1-a5fc-764252bf1ce8

Access Statistics for this paper

More papers in Discussion Paper from Tilburg University, Center for Economic Research
Series data maintained by Richard Broekman ().

 
Page updated 2017-12-06
Handle: RePEc:tiu:tiucen:00e041db-9257-41d1-a5fc-764252bf1ce8