The economic development incentives game: an imperfect information, heterogeneous communities approach
<Para ID="Par1">The economic development incentives game developed in this paper extends the basic incentives game framework utilized in previous research by: (1) assuming heterogeneous communities with a priori unknown (to the communities or the firm) benefits and costs associated with the location, (2) providing a mechanism for communities to discover their true benefits and costs, and (3) allowing firms, as well as communities, to experience consequences associated with accepting a ‘bad deal’. Modeling an incentives competition game with these elements generates equilibrium behaviors and payoffs consistent with those observed in empirical and case studies. Copyright Springer-Verlag Berlin Heidelberg 2014
Year of publication: |
2014
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Authors: | Patrick, Carlianne |
Published in: |
The Annals of Regional Science. - Western Regional Science Association - WRSA. - Vol. 53.2014, 1, p. 137-156
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Publisher: |
Western Regional Science Association - WRSA |
Saved in:
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