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We develop a model of two municipalities providing two public services. We show that in case of intermediate level of transferability of public services between two municipalities, Pareto-suboptimal Nash equilibrium exists. In this case, cooperation between municipalities or merging of two...
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This paper contributes to trade diversification literature by comparing changes in relative (i.e. assessed in … particular, by focusing on the diversification of imports, we add a missing piece to already analysed export trends. We use …), they follow a similar path of evolution in the development process. Progressing relative diversification (despecialisation …
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The question whether agglomeration externalities arise either from specialization or diversification of economic …
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