c********y
发帖数: 98 | 1 I was reading Charles Tiebout's classic paper "A Pure Theory of Local
Expenditures" (1956, Journal of Political Economy), and thought there is
something fundamentally wrong with his analogy of local public goods delivery/
payment and market transactions for private goods (even if all his assumptions
are satisfied). If my thinking was right, his proposed solution to the
Samuelson problem of how to make consumers reveal their
real preferences for public goods would fall apart.
But I thought maybe | c********y
发帖数: 98 | 2 This is the right place, since I'm talking about pure economics. I feel
Tiebout's theoretical congecture of general equilibria is wrong. Weingast is
about applied stuff.
Anyway, today I've just found out that a person named Truman Bewley has
written a paper about it, proving Tiebout was wrong, and the paper was
published in Econometrica in 1981. But his approach is a little different from
mine.
Ref:
Truman F. Bewley. "A Critique of Tiebout's Theory of Local Public Expenditures
", Econometrica, v |
|
