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In this note we consider a society that partitions itself into disjoint jurisdictions, each choosing a location of its public project and a taxation scheme to finance it. The set of public project is multi-dimensional, and their costs could vary from jurisdiction to jurisdiction. We impose two...
Persistent link: https://www.econbiz.de/10010312438
This paper examines a model of multi-jurisdiction formation where individuals' characteristics are uniformly distributed over a finite interval. Every jurisdiction locates a public facility and distributes its cost equally among the residents. We consider two notions of stability: Nash stability...
Persistent link: https://www.econbiz.de/10014056679
In this paper we consider an urban population represented by a continuum of individuals uniformly distributed over the real line that faces a problem of location and financing of multiple public facilities. We examine three notions of stability of emerging jurisdiction: stability under unanimous...
Persistent link: https://www.econbiz.de/10014057272
In this note we consider a society that partitions itself into disjoint jurisdictions, each choosing a location of its public project and a taxation scheme to finance it. The set of public project is multi-dimensional, and their costs could vary from jurisdiction to jurisdiction. We impose two...
Persistent link: https://www.econbiz.de/10014066238
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