General competitive equilibrium of the spatial economy. Two Teasers

Thijs Ten Raa; Marcus Berliant

doi:10.1016/0166-0462(85)90043-2

General competitive equilibrium of the spatial economy. Two Teasers

Thijs Ten Raa
, Marcus Berliant

Research output: Contribution to journal › Article › peer-review

5 Scopus citations

Abstract

The local indivisibility of space complicates general equilibrium analysis. Mazzoleni and Montesano (1984, p. 286), suggest that the usual reasoning of the non-spatial analyses of competitive equilibrium can be performed in the context of a commodity space that contains subsets of land. This space, however, lacks a linear structure, so it resists application of the usual reasoning. Two examples will show that Mazzoleni and Montesano's existence results are flawed.

Original language	English
Pages (from-to)	585-590
Number of pages	6
Journal	Regional Science and Urban Economics
Volume	15
Issue number	4
DOIs	https://doi.org/10.1016/0166-0462(85)90043-2
State	Published - Nov 1985

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10.1016/0166-0462(85)90043-2

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abstract = "The local indivisibility of space complicates general equilibrium analysis. Mazzoleni and Montesano (1984, p. 286), suggest that the usual reasoning of the non-spatial analyses of competitive equilibrium can be performed in the context of a commodity space that contains subsets of land. This space, however, lacks a linear structure, so it resists application of the usual reasoning. Two examples will show that Mazzoleni and Montesano's existence results are flawed.",

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N2 - The local indivisibility of space complicates general equilibrium analysis. Mazzoleni and Montesano (1984, p. 286), suggest that the usual reasoning of the non-spatial analyses of competitive equilibrium can be performed in the context of a commodity space that contains subsets of land. This space, however, lacks a linear structure, so it resists application of the usual reasoning. Two examples will show that Mazzoleni and Montesano's existence results are flawed.

AB - The local indivisibility of space complicates general equilibrium analysis. Mazzoleni and Montesano (1984, p. 286), suggest that the usual reasoning of the non-spatial analyses of competitive equilibrium can be performed in the context of a commodity space that contains subsets of land. This space, however, lacks a linear structure, so it resists application of the usual reasoning. Two examples will show that Mazzoleni and Montesano's existence results are flawed.

UR - https://www.scopus.com/pages/publications/1842852480

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DO - 10.1016/0166-0462(85)90043-2

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General competitive equilibrium of the spatial economy. Two Teasers

Abstract

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