Using a Local Public Good to Attract Representative Creative Class Members: The Inefficient Equilibrium Case
نویسندگان
چکیده
منابع مشابه
Status Equilibrium for Local Public Good Economies
We define a concept of status equilibrium for local public good economies. A status equilibrium specifies one status index for each agent in an economy. These indices determine agents’ cost shares in any possible jurisdiction. We provide an axiomatic characterization of status equilibrium using consistency properties. ∗We thank James Foster, John Conley, Rick Bond, and participants of PET05 for...
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We define a concept of share equilibrium for local public good (or club) economies where individual members of the population may have preferences over the membership of their jurisdiction. A share equilibrium specifies one share index for each individual. These indices determine each individual’s cost shares in any jurisdiction that he might join. We demonstrate that the same axioms as those t...
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Share equilibrium was introduced in van den Nouweland and Wooders (2011) as an extension of ratio equilibrium to local public good economies. In that paper, we took an axiomatic approach to motivate share equilibrium. In the current paper we consider questions related to the existence of share equilibrium and we derive a necessary and sufficient condition for the existence of share equilibrium ...
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ژورنال
عنوان ژورنال: Theoretical Economics Letters
سال: 2020
ISSN: 2162-2078,2162-2086
DOI: 10.4236/tel.2020.101003