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This paper analyzes the provision of local public goods with positive spillovers across jurisdictions. If spillovers are symmetric, the non-cooperative game played by jurisdictions admits a unique equilibrium, and an increase in spillovers reduces the total provision of public goods. Smaller...
Persistent link: https://www.econbiz.de/10014067779
This paper analyzes the effects of spillovers on the formation of jurisdictions in a local public good economy with free mobility. The number of jurisdictions is fixed and spillovers are parametrized by a matrix [αij where αij ε [0,1]. When spillovers are symmetric and close to 0 or 1 (pure...
Persistent link: https://www.econbiz.de/10014067780
This paper analyzes the provision of local public goods with positive spillovers across jurisdictions. If spillovers are symmetric, the noncooperative game played by jurisdictions admits a unique equilibrium, and an increase in spillovers reduces the total provision of public goods. Smaller...
Persistent link: https://www.econbiz.de/10014055404