IDEAS home Printed from https://ideas.repec.org/a/rje/bellje/v4y1973iautumnp619-636.html
   My bibliography  Save this article

Optimum vs. Equilibrium Land Use Pattern and Congestion Toll

Author

Listed:
  • Yitzhak Oron
  • David Pines
  • Eytan Sheshinski

Abstract

This paper presents a comparison between optimum and competitive land use patterns within an urban area. The concept of equilibrium in this paper pertains to five sectors: households, housing producers, composite commodity producers, land transactors and transportation authority. The concept of optimum referred to in this paper is the maximum utility level which can be realized provided that equals are treated equally. This optimum allocation can be supported by a competitive price system if a warranted congestion toll is collected by the transportation authority and redistributed as a lump sum subsidy. If less than the warranted congestion toll is collected, the resulting competitive allocation is distorted and then the competitive city tends to be more suburbanized than the optimum city.

Suggested Citation

  • Yitzhak Oron & David Pines & Eytan Sheshinski, 1973. "Optimum vs. Equilibrium Land Use Pattern and Congestion Toll," Bell Journal of Economics, The RAND Corporation, vol. 4(2), pages 619-636, Autumn.
  • Handle: RePEc:rje:bellje:v:4:y:1973:i:autumn:p:619-636
    as

    Download full text from publisher

    File URL: http://links.jstor.org/sici?sici=0005-8556%28197323%294%3A2%3C619%3AOVELUP%3E2.0.CO%3B2-J&origin=repec
    File Function: full text
    Download Restriction: Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. repec:grm:ecoyun:202103 is not listed on IDEAS
    2. Kanemoto, Yoshitsugu, 1980. "Theories of urban externalities," MPRA Paper 24614, University Library of Munich, Germany.
    3. Wei-Bin Zhang, 2011. "Interregional economic growth with transportation and residential distribution," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 46(1), pages 219-245, February.
    4. Akai, Nobuo & Fukushima, Takashi & Hatta, Tatsuo, 1998. "Optimality of a Competitive Equilibrium in a Small Open City with Congestion," Journal of Urban Economics, Elsevier, vol. 43(2), pages 181-198, March.
    5. Voith, Richard, 1998. "Parking, Transit, and Employment in a Central Business District," Journal of Urban Economics, Elsevier, vol. 44(1), pages 43-58, July.
    6. Verhoef, Erik T. & Nijkamp, Peter, 2002. "Externalities in urban sustainability: Environmental versus localization-type agglomeration externalities in a general spatial equilibrium model of a single-sector monocentric industrial city," Ecological Economics, Elsevier, vol. 40(2), pages 157-179, February.
    7. G J Papageorgiou, 1977. "Fundamental Problems of Theoretical Planning," Environment and Planning A, , vol. 9(12), pages 1329-1356, December.
    8. Y Oron & D Pines, 1975. "The Effect of Efficient Pricing of Air Pollution on Intraurban Land-Use Patterns," Environment and Planning A, , vol. 7(3), pages 293-299, May.
    9. Hirte, Georg & Rhee, Hyok-Joo, 2016. "Regulation versus Taxation," CEPIE Working Papers 05/16, Technische Universität Dresden, Center of Public and International Economics (CEPIE).
    10. Erik T. Verhoef & Peter Nijkamp, 2000. "Externalities in Urban Sustainability," Tinbergen Institute Discussion Papers 00-077/3, Tinbergen Institute.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rje:bellje:v:4:y:1973:i:autumn:p:619-636. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://www.rje.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.