Maximization of equilibrium utility vs minimization of resources in the urban equilibrium

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dc.contributor.authorBasso, Leonardo J.
dc.contributor.authorPezoa, Raúl
dc.contributor.authorSilva, Hugo E.
dc.contributor.otherCEDEUS (Chile)
dc.date.accessioned2024-06-08T16:08:40Z
dc.date.available2024-06-08T16:08:40Z
dc.date.issued2024
dc.description.abstractWe study welfare and the role of absentee landlords’ rent capture in one of the building blocks of urban economics: the monocentric city model. If only a fraction (but not all) of the absentee landlords’ land rents is captured and then redistributed, the market outcome minimizes resource usage but does not maximize residents’ utility. Therefore, when the utility-maximizing planner is unable to implement full taxation of land rents, she would prefer to intervene in the market outcome, while a planner minimizing resources would not. This difference implies that policy prescriptions crucially depend on the chosen welfare function (utility vs resources) and the land rent taxation rate.
dc.fechaingreso.objetodigital2024-08-30
dc.format.extent4 páginas
dc.fuente.origenORCID
dc.identifier.doi10.1016/j.econlet.2024.111772
dc.identifier.urihttps://doi.org/10.1016/j.econlet.2024.111772
dc.identifier.urihttps://repositorio.uc.cl/handle/11534/86642
dc.information.autorucInstituto de Economía; Silva, Hugo E.; 0000-0003-0307-2686; 1020528
dc.language.isoen
dc.nota.accesoContenido parcial
dc.rightsacceso restringido
dc.subject.ddc330
dc.subject.deweyEconomíaes_ES
dc.subject.ods11 Sustainable cities and communities
dc.subject.ods12 Responsible consumption and production
dc.subject.odspa11 Ciudades y comunidades sostenibles
dc.subject.odspa12 Producción y consumo responsable
dc.titleMaximization of equilibrium utility vs minimization of resources in the urban equilibrium
dc.typeartículo
dc.volumen240
sipa.codpersvinculados1020528
sipa.trazabilidadORCID;2024-06-03
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