Tiebout hypothesis (1956)
Tiebout Hypothesis is named after American economist Charles Tiebout (1924-1968), who proposed that if public goods/services were provided by a large number of local governments, consumers would have a greater diversity of choice. Also see: social welfare function Source: C Tiebout, ‘A Pure Theory of Local Government Expenditure’, Journal of Political Economy, vol. LXIV (1956), 416-24 Overview