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Fundamental Nonconvexities in Arrovian Markets and a Coasian Solution to the Problem of Externalities

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  • Boyd, John III
  • Conley, John P.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Economic Theory.

Volume (Year): 72 (1997)
Issue (Month): 2 (February)
Pages: 388-407

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Handle: RePEc:eee:jetheo:v:72:y:1997:i:2:p:388-407

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Web page: http://www.elsevier.com/locate/inca/622869

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References

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  1. Starrett, David A., 1972. "Fundamental nonconvexities in the theory of externalities," Journal of Economic Theory, Elsevier, vol. 4(2), pages 180-199, April.
  2. D. K. Foley, 1967. "Lindahl's Solution and the Core of an Economy with Public Goods," Working papers 3, Massachusetts Institute of Technology (MIT), Department of Economics.
  3. Cooter, Robert D., 1980. "How the law circumvents Starrett's nonconvexity," Journal of Economic Theory, Elsevier, vol. 22(3), pages 499-504, June.
  4. Bigelow, John Payne, 1993. "Inducing Efficiency: Externalities, Missing Markets, and the Coase Theorem," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 34(2), pages 335-46, May.
  5. DeSerpa, Allan C., 1994. "Pigou and Coase : A mathematical reconciliation," Journal of Public Economics, Elsevier, vol. 54(2), pages 267-286, June.
  6. Baumol, William J & Bradford, David F, 1972. "Detrimental Externalities and Non-Convexity of the Production Set," Economica, London School of Economics and Political Science, vol. 39(154), pages 160-76, May.
  7. Aivazian, Varouj A & Callen, Jeffrey L & Lipnowski, Irwin, 1987. "The Coase Theorem and Coalitional Stability," Economica, London School of Economics and Political Science, vol. 54(216), pages 517-20, November.
  8. Otani, Yoshihiko & Sicilian, Joseph, 1977. "Externalities and problems of nonconvexity and overhead costs in welfare economics," Journal of Economic Theory, Elsevier, vol. 14(2), pages 239-251, April.
  9. Baumol, William J, 1974. "On Taxation and the Control of Externalities: Reply," American Economic Review, American Economic Association, vol. 64(3), pages 472, June.
  10. Hoffman Elizabeth & McCabe Kevin & Shachat Keith & Smith Vernon, 1994. "Preferences, Property Rights, and Anonymity in Bargaining Games," Games and Economic Behavior, Elsevier, vol. 7(3), pages 346-380, November.
  11. Conley, John P. & Diamantaras, Dimitrios, 1996. "Generalized Samuelson conditions and welfare theorems for nonsmooth economies," Journal of Public Economics, Elsevier, vol. 59(1), pages 137-152, January.
  12. Shapley, Lloyd S & Shubik, Martin, 1969. "On the Core of an Economic System with Externalities," American Economic Review, American Economic Association, vol. 59(4), pages 678-84, Part I Se.
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