Multiple Gleichgewichte und dezentrale Allokationspolitik / Multiple Equilibria and Decentralized Provision of Local Public Goods: Eine grafisch-numerische Betrachtung / A Grafical and Numerical Investigation

Gottfried Peter
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Gottfried Peter: Eberhard-Karls-Universitat Tübingen, Abteilung VWL, insbes. Finanzwissenschaft, Mohlstr. 36, D-72074 Tübingen

Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), 1996, vol. 215, issue 6, 688-703

Abstract: The paper deals with the problem of multiple efficient solutions in Tiebout-type models. In particular, the consequences of the existence of multiple equilibria on the decisions of local authorities are examined in a decentralized economy. It can be shown that there exist initial situations, which prevent local authorities from reaching an efficient solution in a one-shot game, although the proper instruments are available to them.

Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:jns:jbstat:v:215:y:1996:i:6:p:688-703:n:1004

DOI: 10.1515/jbnst-1996-0604

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