haku: @indexterm Pareto law / yhteensä: 94
viite: 12 / 94
| Tekijä: | Conley, J.P. Konishi, H. |
| Otsikko: | Migration-proof Tiebout equilibrium: existence and asymptotic efficiency |
| Lehti: | Journal of Public Economics
2002 : NOV, VOL. 86:2, p. 243-262 |
| Asiasana: | CONSUMER BEHAVIOUR EFFICIENCY EQUILIBRIUM ANALYSIS PARETO LAW |
| Kieli: | eng |
| Tiivistelmä: | 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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