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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
In this paper we consider an urban population represented by a continuum of individuals uniformly distributed over the real line that faces a problem of location and financing of multiple public facilities. We examine three notions of stability of emerging jurisdiction: stability under...
Persistent link: https://www.econbiz.de/10005042935
In this paper we consider a model with multiple jurisdictions where each formed jurisdiction selects a public project from the given uni-dimensional set, equally shares its cost among its members and places the project at the location of its median resident. We examine a cooperative concept of...
Persistent link: https://www.econbiz.de/10005043420
In this note we consider a society that partitions itself into disjoint jurisdictions, each choosing a location of its public project and a taxation scheme to finance it. The set of public project is multi-dimensional, and their costs could vary from jurisdiction to jurisdiction. We impose two...
Persistent link: https://www.econbiz.de/10005043439
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