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preferences for local public goods, product markets may provide an analogous incentive to sort into a community whose consumers … tend to share his preferences in private goods. Using zip code level data on chain restaurants and restaurants overall …
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We study a linear location model (Hotelling, 1929) in which n (with n = 2) boundedly rational players follow (noisy) myopic best-reply behavior. We show through numerical and mathematical analysis that such players spend almost all the time clustered together near the center, re-establishing the...
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This paper provides a positive analysis of public provision of excludable public goods financed by uniform taxes or …
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