Economics, Econometrics and Finance
8 years ago

New theory proves fair land allocation in competitive economies!

Journal of Mathematical Economics
A theory of a heterogeneous divisible commodity exchange economy
Farhad Hüsseinov

Paper Summary

The article explores how land can be exchanged in a fair and competitive way. By studying a model of land trading with specific preferences, the researchers found that a fair price can be determined for land. They also showed that a fair allocation of land can be achieved in this type of economy.

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