Spatial equilibrium with locational interdependencies: The case of environmental spillovers |
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| Authors: | Oscar Fisch |
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| Institution: | Ohio State University, Columbus, OH 43210, USA |
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| Abstract: | This paper extends the standard model of urban land rent to include locational interdependencies. It is shown that there exists a unique rent function that clears the urban land market in the presence of direct physical interaction among different sites, i.e., environmental spillovers. |
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