On the optimal structure of local governments.

We show that space matters in designing the optimal provision of local public goods (LPG's). Geography imposes a particular institutional structure of local governments due to the overlapping of market areas associated with different LPG's. The optimum can be decentralized through local government...

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Detalles Bibliográficos
Publicado en:American Economic Review Vol. 85; pp. 1224 - 1241
Autores principales: Hochman, Oded, Pines, David, Thisse, Jacques-François
Formato: Artículo
Publicado: American Economic Association December 1995
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Acceso en línea:Ver este registro en EBSCOhost