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Monopoly versus Individual Welfare When a Local Public Good Is Used to Attract the Creative Class
International Regional Science Review ( IF 1.8 ) Pub Date : 2020-09-03 , DOI: 10.1177/0160017620946087
Amitrajeet A. Batabyal 1
Affiliation  

We study the decision problems faced by a city authority (CA) who focuses on two different objectives in her attempt to attract members of the creative class to her city by providing a local public good (LPG). First, we compute the maximum tax that a creative class member is willing to pay to enjoy the LPG on offer by living in the CA’s city. Second, assuming that the CA acts like a “monopolist” interested in maximizing the total benefit to her city, we determine the number of members N to attract to her city and the amount of the LPG L to provide so that the total benefit is maximized. Third, supposing that the CA maximizes the welfare of an individual member, we ascertain the values of N and L that maximize this individual welfare. Finally, we compare and contrast the outcomes that arise from the CA’s focus on these two distinct objectives.



中文翻译:

当使用当地公共物品吸引创意阶层时的垄断与个人福利

我们研究了市政府(CA)面临的决策问题,该市政府侧重于两个不同的目标,试图通过提供本地公共物品(LPG)将创意阶层的成员吸引到她的城市。首先,我们计算出创意类成员愿意在CA的城市居住以享受所提供的LPG所愿意支付的最高税额。其次,假设CA像是一个“垄断者”,希望最大化其城市的总收益,我们确定吸引其城市的N个成员的数量以及要提供的LPG L的数量,以使总收益最大化。第三,假设CA可以最大化单个成员的福利,我们确定NL的值使个人福利最大化。最后,我们比较并对比了CA对这两个不同目标的关注所产生的结果。

更新日期:2020-09-03
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