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We consider the decentralized provision of a global public good with local external- ities in a spatially explicit model. Communities decide on the location of a facility that benefits everyone but exhibits costs to the host and its neighbors. They share the costs through transfers. We examine...
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reduce spatial externality and improve efficiency. …
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reduce spatial externality and improve efficiency. …
Persistent link: https://www.econbiz.de/10010911057
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