A Mechanism Design Approach to the Tiebout Hypothesis
研究了在居民可能事后获知地方公共品真实偏好、辖区可自由设计吸引机制时,蒂布特假说是否成立。发现追求收入最大化的辖区能实现效率,而追求福利最大化的则不能。
We revisit the Tiebout hypothesis in a world in which agents may learn extra information as to how they value the various local public goods once located, and jurisdictions are free to commit to whatever mechanism to attract citizens. It is shown in quasi-linear environments that efficiency can be achieved as a competitive equilibrium when jurisdictions seek to maximize local revenues but not necessarily when they seek to maximize local welfare. Interpretations and limitations of the result are discussed.