We consider a new model of a local public goods economy with differentiated crowding in which we make a distinction between the tastes and crowding characteristics of agents. It is possible in this model to have taste-homogeneous jurisdictions that take advantage of the full array of positive crowding effects (labor complementarities, for example.) We nevertheless find that taste-heterogeneous jurisdictions are sometimes strictly superior to taste-homogeneous jurisdictions with the same crowding profile. We also provide an example which illustrates the difficulties in extending the intuitive results from the hedonic pricing literature to Tiebout economies with differentiated crowding.
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Paper provided by University of Toronto, Department of Economics in its series Working Papers with number
mwooders-98-01.
Length: 25 pages Date of creation: 11 Jul 1998 Date of revision: Handle: RePEc:tor:tecipa:mwooders-98-01
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Find related papers by JEL classification: C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: General - - - General C62 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Existence and Stability Conditions of Equilibrium C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games D4 - Microeconomics - - Market Structure and Pricing D5 - Microeconomics - - General Equilibrium and Disequilibrium H40 - Public Economics - - Publicly Provided Goods - - - General
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