The purpose of this paper is to analyze the existence of efficient and envyfree allocations of a single good i,n the presence of consumption externalities. A theoretical model is first developed and an application to the problem of financing Regional Governments in Spain, is then provided. Este...

This paper is a methodological proposal for the distribution of the Regional Equalization Fund, based on the following principles: (i) To measure the degree of regional development by means of an indicator with an appropiate theoretical basis (an indicator combining both the average income and...