A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
The economic development incentives game: an imperfect information, heterogeneous communities approach
Abstract The economic development incentives game developed in this paper extends the basic incentives game framework utilized in previous research by: (1) assuming heterogeneous communities with a priori unknown (to the communities or the firm) benefits and costs associated with the location, (2) providing a mechanism for communities to discover their true benefits and costs, and (3) allowing firms, as well as communities, to experience consequences associated with accepting a ‘bad deal’. Modeling an incentives competition game with these elements generates equilibrium behaviors and payoffs consistent with those observed in empirical and case studies.
The economic development incentives game: an imperfect information, heterogeneous communities approach
Abstract The economic development incentives game developed in this paper extends the basic incentives game framework utilized in previous research by: (1) assuming heterogeneous communities with a priori unknown (to the communities or the firm) benefits and costs associated with the location, (2) providing a mechanism for communities to discover their true benefits and costs, and (3) allowing firms, as well as communities, to experience consequences associated with accepting a ‘bad deal’. Modeling an incentives competition game with these elements generates equilibrium behaviors and payoffs consistent with those observed in empirical and case studies.
The economic development incentives game: an imperfect information, heterogeneous communities approach
Patrick, Carlianne (author)
2014
Article (Journal)
English
The Failures of Economic Development Incentives
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Commentary: The Failures of Economic Development Incentives
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Solving the Problems of Economic Development Incentives
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