Rich to finance the education talented poor freedom

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Unformatted text preview: Clubs are established to accommodate Clubs people with different preferences. people Clubs with members with a high degree of Clubs preference for goods and high aversion to congestion, will charge a high membership fee and be exclusive. fee Municipalities are also clubs. Different communities have different Different combinations of services and taxes. combinations People choose with their feet. People People will relocate to locations that provide them People with the optimal combination of environmental amenities, employment, congestion, and taxes. amenities, Some people who prefer a high degree of services Some with high taxes, wi...
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This note was uploaded on 05/11/2012 for the course ECON 125 taught by Professor Zilberman during the Spring '11 term at University of California, Berkeley.

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