The Tiebout hypothesis under membership property rights
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Dosyalar
Tarih
2015-03
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Kluwer Academic Publishers
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
We consider the problem of producing an impure public good in various jurisdictions formed through the strategic decisions of agents. Our environment inherits two well-known problems: (i) Under individual decisions, there is a tension between stability and efficiency; (ii) Under coalitional decisions, stable jurisdiction structures may fail to exist. The solution, we propose is the use of membership property rights: When a move among jurisdictions is subject to the approval of the agents whom it affects, coalitionally stable jurisdiction structures coincide with those which are efficient. © 2014, Springer Science+Business Media New York.
Açıklama
Anahtar Kelimeler
Coalition formation, Impure public goods, Membership property rights, Tiebout hypothesis, Decision theory, Coalition formations, Membership property rights, Public goods, Strategic decisions, Tiebout, Decision support systems
Kaynak
Theory and Decision
WoS Q Değeri
Q2
