Showing 1 - 10 of 284
Persistent link: https://www.econbiz.de/10003006498
We consider a new model of a local public goods economy with differentiated crowding in which we make a distinction between the tastes and crowding characteristics of agents. It is possible in this model to have taste-homogeneous jurisdictions that take advantage of the full array of positive...
Persistent link: https://www.econbiz.de/10005572549
We introduce a model of an local public goods economy with a continuum of agents and jurisdictions with finite population. Under an especially mild condition of boundedness of per capita payoffs we show nonemptiness of the core of the economy. We then demonstrate that the equal treatment core...
Persistent link: https://www.econbiz.de/10005827249
The ``crowding types'' model of a local public goods economy makes a distinction between crowding effects and tastes of agents. Decentralization of the core is possible both with anonymous admission prices that depend only on publicly observable information and, when technology is linear, with...
Persistent link: https://www.econbiz.de/10005704792
Persistent link: https://www.econbiz.de/10005394841
Persistent link: https://www.econbiz.de/10006630773
Persistent link: https://www.econbiz.de/10005160110
Persistent link: https://www.econbiz.de/10007670430
Persistent link: https://www.econbiz.de/10005755683
We introduce a model of a local public goods economy with a continuum of agents and jurisdictions with finite but unbounded populations, where the set of possible projects for each jurisdiction/club is unrestricted in size. Under boundedness of per capita payoffs, which simply ensures that equal...
Persistent link: https://www.econbiz.de/10009468854