Existence of Equilibrium and Stratification in Local and Hierarchical Tiebout Economies with Property Taxes and Voting

This paper present the first fully closed general equilibrium model of hierarchical and local public goods economies with the following features: (i) multiple agent types who are endowed with both some amount of private good (income) and a house, who are mobile between houses and jurisdictions, and...

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Veröffentlicht in:	Economic theory 1997-08, Vol.10 (2), p.277-304
1. Verfasser:	Nechyba, Thomas. J.
Format:	Artikel
Sprache:	eng
Schlagworte:	Economic theory Endowments Housing Income taxes Local economy Majority rule Private goods Property taxes Public goods Voting
Online-Zugang:	Volltext
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