PRIVATE-SECTOR VERSUS PUBLIC-SECTOR EXTERNALITIES

Authors
MANSOORIAN A MYERS GM
Citation
A. Mansoorian et Gm. Myers, PRIVATE-SECTOR VERSUS PUBLIC-SECTOR EXTERNALITIES, Regional science and urban economics, 26(5), 1996, pp. 543-555
Citations number
13
Categorie Soggetti
Urban Studies",Economics,"Environmental Studies
Journal title
Regional science and urban economics → ACNP
ISSN journal
01660462
Volume
26
Issue
5
Year of publication
1996
Pages
543 - 555
Database
ISI
SICI code
0166-0462(1996)26:5<543:PVPE>2.0.ZU;2-X
Abstract
In federations with a multi-dimensional public sector, externalities m ay originate in the private sector (private sector externalities) or i n the local public sector (public sector externalities). It is well es tablished that correction of public sector externalities will require a central authority, We show that with only private sector externaliti es, local government equilibria are efficient. We thus have a simple r ule for the assignment of corrective policies to levels of government.