Bargaining over Public Goods
AbstractIn a simple public good economy, we propose a natural bar- gaining procedure, the equilibria of which converge to Lin- dahl allocations as the cost of bargaining vanishes. The pro- cedure 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.
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Bibliographic InfoPaper provided by HAL in its series Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) with number halshs-00633592.
Date of creation: 2009
Date of revision:
Publication status: Published, Journal of Public Economic Theory, 2009, 11, 6, 927-945
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public goods; alternating offers bargaining;
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 & César Martinelli, 2008. "Bargaining over public goods," UniversitÃ© Paris1 PanthÃ©on-Sorbonne (Post-Print and Working Papers) halshs-00289435, HAL.
- Julio Davila & Jan Eeckhout & Cesar Martinelli, 2009. "Bargaining Over Public Goods," Working Papers 0901, Centro de Investigacion Economica, ITAM.
- 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
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