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The gap between free market and social optimum in the location decision of economic activity

Authors :
Malul, Miki
Bar-El, Raphael
Source :
Urban Studies. Sept, 2009, Vol. 46 Issue 10, p2045, 15 p.
Publication Year :
2009

Abstract

A study was conducted to present a simplified model for comparison of the spatial distribution of economic activity resulting from free market conditions. The study also examines the public policy measures needed to lead the economy towards the optimal distribution. It is concluded that public policy needs to consider a combination of measures.

Details

Language :
English
ISSN :
00420980
Volume :
46
Issue :
10
Database :
Gale General OneFile
Journal :
Urban Studies
Publication Type :
Academic Journal
Accession number :
edsgcl.209020536