In this paper, we provide a theoretical framework for exploring the consequences of neighborhood informational effects ?identified as role models? so as to deduce the urban configuration. Specifically, we have developed an overlapping generations model of community formation. When young, an...

The current difficulties of the eurozone reopen the debate around its governance and the necessity of a fiscal union, that is, a set of collective rules of fiscal matters, in Europe. In this article, we make clear that the European Union is already a fiscal union. We establish a simple typology...