search query: @indexterm Public services / total: 243
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| Author: | Cremer, H. Marchand, M. Pestieau, P. |
| Title: | Investment in local public services: Nash equilibrium and social optimum |
| Journal: | Journal of Public Economics
1997 : JUL, VOL. 65:1, p. 23-35 |
| Index terms: | PUBLIC SERVICES INVESTMENTS COMMUNITY PLANNING |
| Language: | eng |
| Abstract: | This paper studies the optimal provision of a local public good which is indivisible and generates interjurisdictional spillovers, within a two-community setting. Communities have to decide whether or not to invest in the public good. The resulting Nash equilibrium is compared with an optimal solution based on a Benthamian welfare function, and the paper then analyses to what extent conditional grants are able to restore optimality when needed. |
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