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A UNANIMOUS CONSENT SOLUTION TO THE SUPPLY OF PUBLIC GOODS: Getting PPI Rules from a PI Process

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  • Farmer, Michael C.

Abstract

I model a cooperative bargain for the supply of non-rival goods. The model departs from cooperative games generally by accepting a second best framework and core reducing behavior by the implementation. problem. The solution admits the Kaldor-Hicks hypothetical consent efficiency rules as decision rules to a unanimous consent game.

Suggested Citation

  • Farmer, Michael C., 1991. "A UNANIMOUS CONSENT SOLUTION TO THE SUPPLY OF PUBLIC GOODS: Getting PPI Rules from a PI Process," 1991 Annual Meeting, August 4-7, Manhattan, Kansas 271197, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea91:271197
    DOI: 10.22004/ag.econ.271197
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    References listed on IDEAS

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    1. SCHMEIDLER, David, 1969. "The nucleolus of a characteristic function game," LIDAM Reprints CORE 44, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    2. Foley, Duncan K, 1970. "Lindahl's Solution and the Core of an Economy with Public Goods," Econometrica, Econometric Society, vol. 38(1), pages 66-72, January.
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