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nonemptiness of the set of equilibrium allocations under the assumption that each public good is non inferior in the jurisdiction …
Persistent link: https://www.econbiz.de/10005008579
In two related papers, Kanedo (1977, 1977a) has proved an equibalence theorem relating the set of ratio equilibria of a public goods economy to the core of a strong voting game. This paper extends in two ways Kaneko's analysis to economies with jurisdictions, each producing a spedific public good.
Persistent link: https://www.econbiz.de/10005634039
We develop a two-stage negotiation model to study the impact of costly inspections on both the coalition formation outcome and the per-member payoffs. In the first stage, the players are forming coalitions and inside each coalition formed the members share the coalition benefits. We adopt the...
Persistent link: https://www.econbiz.de/10005008327
how equilibrium taxes depend on the proportion of permits which is auctioned, on the total amount of permits in the market …
Persistent link: https://www.econbiz.de/10010927714
Consider a population of citizens uniformly spread over the entire plane, that faces a problem of locating public facilities to be used by its members. The cost of every facility is financed by its users, who also face an idiosyncratic private access cost to the facility. We assume that the...
Persistent link: https://www.econbiz.de/10005008267
equilibrium. …
Persistent link: https://www.econbiz.de/10005008317
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...
Persistent link: https://www.econbiz.de/10005008538
Persistent link: https://www.econbiz.de/10008550210
In this paper we examine compensation schemes that prevent a threat of secession by all country's regions and in the same time provide no incentives for citizens' migration within the country. We prove that, under quite general assumptions on the distribution of citizens' preferences, there...
Persistent link: https://www.econbiz.de/10005042855
to the non-cooperative equilibrium. The purpose of this paper is to examine whether the international optimum can be …
Persistent link: https://www.econbiz.de/10005042903