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Generic Existence of Rational Expectations Lindahl Equilibria

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Diamantaras, Dimitrios

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Abstract

This paper develops several versions of a concept of rational expectations Lindahl equilibrium for economies with private and public goods and linear production, and proves the generic existence of fully revealing rational expectations Lindahl equilibria using only the prices of the private goods as signals. This feature leads to the generic coincidence of all the versions of the equilibrium concept. Copyright 1992 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.

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Article provided by Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association in its journal International Economic Review.

Volume (Year): 33 (1992)
Issue (Month): 3 (August)
Pages: 513-24
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Handle: RePEc:ier:iecrev:v:33:y:1992:i:3:p:513-24

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This page was last updated on 2009-11-21.

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