search query: @author Conley, J.P. / total: 2
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| Author: | Conley, J.P. Konishi, H. |
| Title: | Migration-proof Tiebout equilibrium: existence and asymptotic efficiency |
| Journal: | Journal of Public Economics
2002 : NOV, VOL. 86:2, p. 243-262 |
| Index terms: | CONSUMER BEHAVIOUR EFFICIENCY EQUILIBRIUM ANALYSIS PARETO LAW |
| Language: | eng |
| Abstract: | A new equilibrium notion called migration-proof Tiebout equilibrium is introduced in this article, and it is argued to be a natural refinement of Nash equilibrium for a multijurisdictional environment. The authors show for sufficiently large economies with homogenous consumers, such an equilibrium always exists, is unique, and is asymptotically Pareto efficient. |
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