Redistributive grants schemes, such as fiscal equalization, are a common characteristic of local public finance in several countries. However, large and small jurisdictions are treated differently by the respective fiscal equalization schemes that often tend to favour larger jurisdictions. This...

The paper is concerned with the formation of polycentric cities. The model we introduce includes two types of developers and planning authorities. Developers’ characteristics, such as scale of operations, availability of own-capital and time preferences lead to various decisions concerning the...