Econometrica: Jul 1978, Volume 46, Issue 4

Existence and Computation of a Tiebout General Equilibrium

https://doi.org/0012-9682(197807)46:4<779:EACOAT>2.0.CO;2-6
p. 779-805

Donald K. Richter

This paper gives a constructive existence proof of a general equilibrium for a local public goods economy in which consumers are free to move among regions. The proof is based upon the Scarf algorithm for the computation of fixed points.
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