|Hohaus, Bolko; Konrad, Kai A.; Thum, Marcel (1994): Too much conformity? A hotelling model of local public goods supply. In: Economics Letters, Vol. 44, No. 3: pp. 295-299|
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External fulltext: http://www.sciencedirect.com/science/article/pii/016517659300361Q
This paper considers a new dimension in the choice of local public goods: quality. The quality decision that is made by median voters in a Hotelling model of product differentiation leads to too much conformity from a welfare point of view. © 1994.
|Faculties:||Economics > Chairs > MPI for Tax Law and Public Finance|
|Subjects:||300 Social sciences > 330 Economics|
|Deposited On:||09. Dec 2014 15:41|
|Last Modified:||09. Dec 2014 15:41|