Article citationsMore>>

K. Arrow and G. Debreu, “Existence of Equilibrium for a Competitive Economy,” Econometrica, Vol. 22, No. 3, 1954, pp. 265-290. doi:10.2307/1907353

has been cited by the following article:

• TITLE: A Model of Mixed Land Use in Urban Areas

  AUTHORS: John F. McDonald

  KEYWORDS: Mixed Land Use; Land Values; Monocentric City

  JOURNAL NAME: Theoretical Economics Letters, Vol.2 No.1, February 23, 2012

  ABSTRACT: The paper provides a model that explains mixed land use patterns in urban areas. The paper contains a proof of the ex-istence of competitive market equilibrium in a market for land in a small zone where more than one land use may be present. The model includes the possibility that external effects (both negative and positive) exist among the land uses. Brouwer’s fixed point theorem is used for the proof. Conditions are derived in which mixed land use is an equilibrium pattern in a monocentric city.