Tiebout economies with differential genetic types and endogenously chosen crowding characteristics
UNSPECIFIED. (2001) Tiebout economies with differential genetic types and endogenously chosen crowding characteristics. JOURNAL OF ECONOMIC THEORY, 98 (2). pp. 261-294. ISSN 0022-0531Full text not available from this repository.
Official URL: http://dx.doi.org/10.1006/jeth.2000.2716
We consider a Tiebout economy with differential crowding and public projects in which agents are distinguished by their tastes and genetic endowments. Agents choose which crowding characteristic, for example, a skill, they with to express, and this affects their value to other members of their jurisdiction, club, firm. etc. An agent's choice is influenced both by his genetic endowment. which affects his cost of acquiring crowding characteristics. and by his preferences over which crowding characteristic he expresses. We show that if small groups are strictly effective, the core is equivalent to the set of anonymous competitive equilibrium outcomes, but that the core generally contains taste-homogeneous jurisdictions. (C) 2001 Academic Press.
|Item Type:||Journal Article|
|Subjects:||H Social Sciences > HC Economic History and Conditions|
|Journal or Publication Title:||JOURNAL OF ECONOMIC THEORY|
|Publisher:||ACADEMIC PRESS INC|
|Number of Pages:||34|
|Page Range:||pp. 261-294|
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