Land rents, optimal taxation and local fiscal independence in an economy with local public goods

Pollution and land use: Optimum and decentralization

“…This will occur only when D 11 =0, a result rarely satisfied (see footnote 1). 8 This claim seems more plausible in view of Polinsky's results [16].…”

“…Therefore, along a segment where the sign of T (x) remains constant, (8) indicates that ) (x is a linear function of x and increases (decreases) by t per unit distance. Thus ) (x is the shadow wage at locations of employment and in locations where industry does not exist ) (x equals the shadow wage minus commuting costs.…”

“…Whether the land uses coexist at the same location or are separated, industry occupies less land, produces less output and pays lower wages than at the optimum. 8 When…”

“…Pareto optimality for the economy as a whole (see Hochman [8]). Clearly, since we are dealing with a non-convex problem some of the variables might have corner solutions and there might be more than one such local optimum.…”

Public Debt and Economic Growth in Uzawa’s Two-Sector Model With Public Goods

“…Some recent endogenous growth models have emphasized the role of productive fiscal policy as a determinant of persistent economic growth (Barro, 1990;Turnovsky, 2000Turnovsky, , 2004Glomm and Ravikumar, 1997;Gómez, 2008;and Park, 2009). As in Hochman (1981) and Wijkander (1984), this paper is concerned with provision of public goods. We assume that only the government is responsible for the provision of public goods.…”