Following the work of Oates, there has recently been considerable interest in the capitalization into land values of the differences in fiscal benefits between communities. We argue the while the partial equilibrium argument which forms the basis of the capitalization hypothesis is casual and...

This paper investigates a representative landlord's profit-maximization problem in a stationary environment. The landlord must decide on the quality of his housing units at the time of construction, maintenance expenditure over the life of the building, and the time of demolition. The focus is...

This paper investigates the costs of residential height restrictions, using a numerically solvable general equilibrium model based on residential location theory. Time and money costs of travel are treated separately. Household demand recreational land and structure and actual construction cost...

Given the aims of an educational system, the relationship between inputs and output, a distribution of student ability, and a fixed budget, how should students and expenditures be allocated over classrooms? This paper focuses on peer effects and the determinants of whether streaming or mixing is...

Most previous theories of optimal city size suffer from two serious defects: they are non-spatial and partial equilibrium. This paper develops a spatial, general equilibrium theory of optimal city size. In the simplest case considered, the rule that expenditure on a Samuelsonian public good...

A series of recent papers investigated the desirability of randomization of insurance contracts in the presence of moral hazard. All treat a continuum of possible outcomes, which tends to obscure the intuition. In this paper, we treat the two-outcome case, employing derivations which highlight...

Mirrlees' seminal article in residential location theory discussed the welfare economics of a town where land is a consumer good. The most remarkable result was that identical individuals should not in general have equal utilities at the social welfare optimum. This paper provides a simple...

This paper uses a general equilibrium model of residential land use to study the effects of the property tax in a closed city. Two different specifications of the production technology for housing are used, and yield similar results. The model is too complicated to be solved in closed form, but...

This paper uses a general equilibrium simulation model of residential land use to study the long-run effects of transportation changes in a closed city. The effects considered include the aggregate benefits from and income distributional impact of the changes, and the induced alterations in the...

This paper investigates features of an urban economy where there is unpriced transportation congestion. It focusses on the relationship between the market rent on residential land, the shadow rent on residential land, and the shadow rent on land in road use, when road width is arbitrary, and...