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Persistent link: https://www.econbiz.de/10011803192
This paper studies the Rawlsian first-best allocation in a monocentric city model using a unifying framework of land ownership. We show that a Rawlsian planner would not choose the market outcome, except for the extreme case of public land ownership in which all the differential rent is...
Persistent link: https://www.econbiz.de/10013221126
Persistent link: https://www.econbiz.de/10010439676