The Henry George Theorem (HGT) states that, in first-best economies, the fiscal surplus of a city government that …

George Theorem (HGT), does not hold at the second best. We finally prove, within a more general framework, that the HGT holds …, due to excess entry triggered by such pro-competitive effects, the "golden rule" of local public finance, i.e., the Henry …

. We already have the Henry George theorem, which asserts that the optimal amount of the public goods should equal the …

Henry George theorem (HGT), does not hold in the second best. We finally prove, within our framework, that the HGT holds in …2007/63 ■ City size and the Henry George theorem under monopolistic competition Kristian Behrens and … Yasusada Murata CORE DISCUSSION PAPER 207/63 City size and the Henry George theorem under monopolistic competition …

The Henry George Theorem (HGT), or the golden rule of local public finance, states that, in first-best economies, the …

According to the Henry George Theorem (HGT), the cost of a pure local public good can be covered through a tax on …