Existence of continuous residential land-use equilibria☆
作者： Masahisa Fujita , Tony E. Smith
DOI: 10.1016/0166-0462(87)90016-0
关键词: Microeconomics 、 Population 、 Economics 、 Mathematical economics 、 Residential land 、 Bidding 、 Space (commercial competition) 、 Contrast (statistics) 、 Utility space
摘要: Abstract This paper presents a general result on the existence of competitive equilibria for residential land markets in continuous space. Following standard land-use theory, such are postulated to involve finitely many types household continua bidding within finite-dimensional In contrast approach defining an excess-demand correspondence price space, problem here is reformulated terms ‘population excess-supply correspondence’ utility allows analysis be carried out entirely methods, and particular, fixed-point arguments employed.
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