On Strategic Community Development
This paper examines strategic behavior of developers who, through offering different congested public-good packages and revenue/fiscal schemes, compete for residents who are differentiated by income. There is an endogenous determination of numbers and sizes of communities. Developers have an incentive to strongly differentiate their public-good offerings. In terms of pricing strategies, developers exhibit sharply contrasting behaviors. In low-income communities, housing consumption is subsidized once lots are priced. In high-income communities housing consumption is generally taxed.
Year of publication: |
2001
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Authors: | Henderson, J. Vernon ; Thisse, Jacques-Francois |
Published in: |
Journal of Political Economy. - University of Chicago Press. - Vol. 109.2001, 3, p. 546-569
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Publisher: |
University of Chicago Press |
Saved in:
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