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The paper deals with the question of whether fiscal transfers re-ceived by cities can be justified by a higher cost of producing publicly provided goods. In the model, increasing the population density implies both a higher output per capita due to agglomeration economies and a higher cost of...
Persistent link: https://www.econbiz.de/10011399698
,1]. When spillovers are symmetric and close to 0 or 1 (pure local public goods and pure public goods), all equilibrium … jurisdiction structures are symmetric. However, any population distribution can be sustained in equilibrium for some value of the … show that an increase in α results in a more fragmented equilibrium population distribution, and that when spillovers are …
Persistent link: https://www.econbiz.de/10014067780
obtain the following findings: (i) an equilibrium always exists in which all individuals to the community which uses … voluntary provision; (ii) under very robust conditions on preferences and income distribution, an equilibrium exists in which …
Persistent link: https://www.econbiz.de/10014085974
equilibrium aways exists in which all individuals migrate to the community which uses voluntary provision; (ii) under very robust … conditions on preferences and income distribution, an equilibrium exists in which all individuals migrate to the community which …
Persistent link: https://www.econbiz.de/10014056544
, the welfare loss from the inecient residential choice depends non-monotonically on spillovers and rivalry. The equilibrium …
Persistent link: https://www.econbiz.de/10012061833
We study adaptation to climate change in a federalist setting. To protect themselves against an increase in flood risk, regional governments choose among adaptation measures that vary with respect to their costs, the level of protection they offer, and the presence and nature of spillovers to...
Persistent link: https://www.econbiz.de/10011616351
We study adaptation to climate change in a federalist setting. To protect themselves against an increase in flood risk, regional governments choose among adaptation measures that vary with respect to their costs, the level of protection they offer, and the presence and nature of spillovers to...
Persistent link: https://www.econbiz.de/10012960103
We propose a theory of tax centralization and inter governmental grants in politico-economic equilibrium. The cost of … taxation differs across levels of government because voters internalize general equilibrium effects at the central but not at …
Persistent link: https://www.econbiz.de/10011523838
We propose a theory of tax centralization in politico-economic equilibrium. Taxation has dynamic general equilibrium … therefore differs across levels of government. Complementarities on the spending side decouple the equilibrium composition of …
Persistent link: https://www.econbiz.de/10011810615
The Internet globalizes the world. National regulatory autonomy shrinks. Transferring data from one country to another is almost costless. Foreign content is just a click away. Why is it that states have been able to re-install co-existence in some policy areas, and not in others? In data...
Persistent link: https://www.econbiz.de/10011582891