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

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  • Gottfried Peter

    (Eberhard-Karls-Universitat Tübingen, Abteilung VWL, insbes. Finanzwissenschaft, Mohlstr. 36, D-72074 Tübingen)

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.

Suggested Citation

  • Gottfried Peter, 1996. "Multiple Gleichgewichte und dezentrale Allokationspolitik / Multiple Equilibria and Decentralized Provision of Local Public Goods: Eine grafisch-numerische Betrachtung / A Grafical and Numerical Inves," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 215(6), pages 688-703.
    • Handle: RePEc:jns:jbstat:v:215:y:1996:i:6:p:688-703:n:1004
    DOI: 10.1515/jbnst-1996-0604
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