A characterization of the demand for land

Marcus Berliant

doi:10.1016/0022-0531(84)90091-7

A characterization of the demand for land

Marcus Berliant

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Abstract

In a model of an economy where land is modelled explicitly as heterogeneous subsets of the plane and utility takes an integral form, demand can be characterized as a specific map from endowments and prices into subsets of the plane. A modified form of the Neyman-Pearson lemma is used to obtain this result, the modification being necessary because the analog of randomized tests must be excluded from this model.

Original language	English
Pages (from-to)	289-300
Number of pages	12
Journal	Journal of Economic Theory
Volume	33
Issue number	2
DOIs	https://doi.org/10.1016/0022-0531(84)90091-7
State	Published - Aug 1984

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10.1016/0022-0531(84)90091-7

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AB - In a model of an economy where land is modelled explicitly as heterogeneous subsets of the plane and utility takes an integral form, demand can be characterized as a specific map from endowments and prices into subsets of the plane. A modified form of the Neyman-Pearson lemma is used to obtain this result, the modification being necessary because the analog of randomized tests must be excluded from this model.

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A characterization of the demand for land

Abstract

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