The Econometric SocietyEconometrica: 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.Log In To View Full Content