Corpus ID: 30459134

Market vs . Government : The Political Economy of NIMBY

  title={Market vs . Government : The Political Economy of NIMBY},
  author={G. Faulhaber and D. Ingberman},
  • G. Faulhaber, D. Ingberman
  • Published 1995
  • Many important social choice problems involve selecting a single community (the “host”) to bear the cost of a project which yields positive net benefit for society as a whole (referred to as NIMBYs, for "Not In My Back Yard"). For example, society needs to dispose of its waste, but no one wants a waste facility in their backyard. This paper asks: Should NIMBYs be sited by market or government? To this end, we compare market allocations with allocations derived from governments (i.e… CONTINUE READING