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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
This dissertation is divided into three essays. The first essay focuses on the question of enfranchisement of groups of individuals. Existing research work in the area has not adequately addressed this question. Indeed, previous analyses have focused on the value of a vote for a single...
Persistent link: https://www.econbiz.de/10009477788
This thesis examines the strategic incentives of market players under constrained situations that generate economic externalities. The first chapter considers a model of competition in which economic activity takes place through networks of bilateral interactions. Economic externalities in this...
Persistent link: https://www.econbiz.de/10009471969