Sep 28, 2017 term paper 2

TWO JURISDICTIONS HAVE PREFERENCES DESCRIBED BY WHERE G J IS THE QUANTITY OF THE LOCAL PUBLC GOOD…

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Two jurisdictions have preferences described by

where Gj is the quantity of the local publc good in jurisdction j and yj > 0 is a parameter.

a. What is the optimal quantity of public good for the two jurisdictions?

b. If the public good is centrally provided so that GA = GB, find the quantity that maximizes UA+ UB.

c. Calculate the loss from enforcing uniformity of provision.


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