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Persistent link: https://www.econbiz.de/10001685368
We develop a discrete or finite household model with congestable local public goods where the level of provision, the number of facilities and their locations are all endogenously determined in a purely normative context. We prove the existence of an equal-treatment identical-provision second...
Persistent link: https://www.econbiz.de/10008632909
Persistent link: https://www.econbiz.de/10007663088
Despite wide recognition of their significant role in explaining sustained grwoth and economic development, uncompensated knowledge spillovers have not yet been fully modeled with a microeconomic foundation. The main purpose of this paper is to illustrate the creation of knowledge as well as its...
Persistent link: https://www.econbiz.de/10005231235