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Decentralization in Replicated Club Economies with Multiple Private Goods

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  • Gilles, Robert P.
  • Scotchmer, Suzanne

Abstract

We show that exhaustion of blocking opportunities is a sufficient condition such that every allocation in the core of a replicated club economy can be decentralized as a competitive equilibrium, and that a weaker condition efficient scale is a necessary condition such that any allocation in the core can be decentralized. Efficient scale is defined with respect to the economy as a whole, and not with respect to individual club sizes. These decentralization results do not require the Euclidean structure and monotonicity assumed in Lindahl equilibrium, do not require convexity of preferences or costs, and do not require the strong assumption that private goods are esssential.

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Bibliographic Info

Paper provided by Department of Economics, Institute for Business and Economic Research, UC Berkeley in its series Department of Economics, Working Paper Series with number qt22k559dk.

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Date of creation: 01 Oct 1995
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Handle: RePEc:cdl:econwp:qt22k559dk

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Related research

Keywords: clubs; decentralization; core/competitive convergence; Social and Behavioral Sciences;

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