Behrens, Kristian; Murata, Yasusada - Center for Operations Research and Econometrics … - 2007
that, due to excess entry triggered by such pro-competitive effects, the 'golden rule' oflocal public finance, i.e., the … peculiar features. First, it does
not allow for pro-competitive effects and, therefore, the markups are independent of the city … the
HGT holds in the second best within non-CES monopolistic competition frameworks encompassing
pro-competitive effects …