Optimal Allocation of Land between Productive Use and Recreational Use
构建了一个静态理性一般均衡模型，分析土地和时间在休闲与生产用途之间的最优配置，探讨了帕累托最优与自愿贡献均衡的差异，并指出了实证研究的方法论问题。
Abstract This paper is an inquiry into the optimal allocation of time and natural areas to recreational uses, which have the feature of being a pure and continuous public good. We address this issue with a comprehensive approach. A static rational general equilibrium framework is developed in which heterogeneous agents allocate land and time endowments between alternative uses. This modeling has important advantages. First, Pareto‐optimal and voluntary‐contribution equilibrium allocations are obtained in a unified set‐up. Second, the suboptimality result of the decentralized equilibrium, the free‐rider problem on the provision of this nonexcludable public good, and different mechanisms to return the economy to its first‐best are analyzed. Finally, a methodological critique is made of some empirical literature, and it is suggested that our theoretical microeconomic‐based structure seems to be a suitable starting point for empirical research.