摘要：The aim of this paper is to study the impact of the valuation of individual opportunity cost in a problem of second houses acquisition and its repercussions on the election of optimal rules, from the social welfare point of view, to assignthese commodities. Considering a partial equilibrium model, we show that the election of this rule depends on the valuation of opportunity cost. A correct valuation of this cost implies that the free market is the only efficient mechanism to assignthese commodities. So, in order to maximize the social welfare, the government must eliminate all the existent restrictionsin this market.
关键词：Opportunity cost;social welfare;efficiency;vacation homes.
