Showing 1 - 10 of 323
The Paper examines the interactions between economic integration and population agglomeration in a middle product economy displaying neoclassical growth. There are two vertically-integrated economies. Each consists of a large number of final good competitive firms operating plants in both...
Persistent link: https://www.econbiz.de/10005792002
We evaluate an array of housing-related tax policies in a general equilibrium model with endogenous housing quality and prices. The local government facilitates the provision of local public amenities, financed by an array of housing-related taxes, including a developer gross revenue tax, a...
Persistent link: https://www.econbiz.de/10008479863
We re-examine Tiebout's hypothesis of endogenous sorting in a competitive spatial equilibrium framework, by considering both income and preference heterogeneity and by allowing agents to decide endogenously the number of visits to a `travel-for' local public good. The equilibrium configuration...
Persistent link: https://www.econbiz.de/10005111395
Persistent link: https://www.econbiz.de/10005112163
This paper considers heterogeneities in preferences over the local public good, human capital formation, and residential locations as primary underlying forces of economic stratification in an endogenously growing economy. We construct a two-period overlapping-generations model with two regions...
Persistent link: https://www.econbiz.de/10005205104
The paper examines the interactions between economic integration and population agglomeration in a middle product economy displaying neoclassical growth. There are two vertically integrated economies. Each consists of a large number of final good competitive firms operating plants in both...
Persistent link: https://www.econbiz.de/10008632885
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
This paper reexamine Tiebout’s hypothesis of endogenous sorting in a competitive spatial equilibrium setup with both income and preference heterogeneity. Agents decide endogenously the number of trips to consume a travel-for congestable local public good. We show that the equilibrium...
Persistent link: https://www.econbiz.de/10008632922
We construct a uni…ed framework to study under what conditions one of the three frequently observed organizational structures of international middle-product production may arise in equilibrium: (i) separation of upstream and downstream …firms with middle-product trade, (ii) vertical...
Persistent link: https://www.econbiz.de/10008922986
Persistent link: https://www.econbiz.de/10005081467