English, Article, Journal or magazine article edition: EFFICIENT ALLOCATION OF LAND BETWEEN PRODUCTIVE USE AND RECRATIONAL USE Eduardo L. Gimenez Fernandez; Manuel Gonzalez-Gomez

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Bookmark: http://trove.nla.gov.au/version/48769
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • EFFICIENT ALLOCATION OF LAND BETWEEN PRODUCTIVE USE AND RECRATIONAL USE
Author
  • Eduardo L. Gimenez Fernandez
  • Manuel Gonzalez-Gomez
Physical Description
  • preprint
Notes
  • In this paper the efficient allocation of natural recreational areas is anal- ysed. Natural recreational areas have the features of public goods. We present the efficient allocation of this non-excludable public good in a rational general equilibrium model with heterogeneous agents. This allows us to deal with the free-rider problem in the provision of the public good. This framework could be considered as a microfoundation of the Lopez, Shah and Altobello (1994) model. In addition we study both the "existence" value and the "use" value of the recreational area in the same setting. A methodological critique is also made of previous empirical literature. It is suggested that our theoretical framework is a suitable starting point for further empirical research. Finally an empirical application for the Galician case is presented. Our results sug- gest that current allocations of land to natural recreational areas in Galiza are not efficient.
  • Land Allocation, Efficient Allocation, Natural Recreational Areas, Public Good, Social Planner Problem, Voluntary Contribution Competitive Equilibrium, Use Value, Existence Value
  • RePEc:edg:anecon:0015
Language
  • English
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