Bargaining over Public Goods
AbstractIn a simple public good economy, we propose a natural bargaining procedure, the equilibria of which converge to Lindahl allocations as the cost of bargaining vanishes. The procedure splits the decision over the allocation in a decision about personalized prices and a decision about output levels for the public good. Since this procedure does not assume price-taking behavior, it provides a strategic foundation for the personalized taxes inherent in the Lindahl solution to the public goods problem. Copyright � 2009 Wiley Periodicals, Inc..
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Bibliographic InfoArticle provided by Association for Public Economic Theory in its journal Journal of Public Economic Theory.
Volume (Year): 11 (2009)
Issue (Month): 6 (December)
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=1097-3923
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Other versions of this item:
- DAVILA, Julio & EECKHOUT, Jan & MARTINELLI, César, . "Bargaining over public goods," CORE Discussion Papers RP -2185, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Julio Davila & Jan Eeckhout & Cesar Martinelli, 2009. "Bargaining Over Public Goods," Working Papers 0901, Centro de Investigacion Economica, ITAM.
- Julio Davila & Jan Eeckhout & C. Martinelli, 2009. "Bargaining over Public Goods," UniversitÃ© Paris1 PanthÃ©on-Sorbonne (Post-Print and Working Papers) halshs-00633592, HAL.
- Julio Davila & Jan Eeckhout & César Martinelli, 2008. "Bargaining over public goods," UniversitÃ© Paris1 PanthÃ©on-Sorbonne (Post-Print and Working Papers) halshs-00289435, HAL.
- Julio Davila & Jan Eeckhout & César Martinelli, 2008. "Bargaining over public goods," Documents de travail du Centre d'Economie de la Sorbonne b08041, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
- H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Julio Davila & Jan Eeckhout, 2004. "Competitive Bargaining Equilibria," Cahiers de la Maison des Sciences Economiques b04067, Université Panthéon-Sorbonne (Paris 1).
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- Banks, Jeffrey S. & Duggan, John, 1999. "A Bargaining Model of Collective Choice," Working Papers 1053, California Institute of Technology, Division of the Humanities and Social Sciences.
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