Berliant, Marcus; Yu, Chia-Ming - Volkswirtschaftliche Fakultät, … - 2009
private information is found. There are two important pieces. First, there can be information about a location known by a … consumer who does not live in that location in equilibrium, and thus the equilibrium rent does not reflect this information …. Second, if a consumer’s utility depends only on information about their (endogenous) location of residence, perturbations of …