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Edgeworth and Lindahl-Foley equilibria of a general equilibrium model with private provision of pure public goods Author info | Abstract | Publisher info | Download info | Related research | Statistics Monique Florenzano () (CERMSEM )
Elena Laureana Del Mercato () (Università degli Studi di Salerno)
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In this paper, we propose a definition of Edgeworth equilibrium for a private ownership production economy with possibly infinitely many private goods and a finite number of pure public goods. We show that Edgeworth equilibria exist and can be decentralized as Lindahl-Foley equilibria, whatever be the dimension of the private goods space. Existence theorems for Lindahl-Foley equilibria are a by-product of our results.
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Paper provided by Université Panthéon-Sorbonne (Paris 1) in its series Cahiers de la Maison des Sciences Economiques with number
b04082.
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Length: 21 pages
Date of creation: Jul 2004Date of revision:
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Keywords: Production economy ; public goods ; Edgeworth equilibrium ; Lindhal equilibrium ; proper economy. ; Other versions of this item:
Find related papers by JEL classification: D46 - Microeconomics - - Market Structure and Pricing - - - Value Theory D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
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Bejan, Camelia & Bidian, Florin, 2009.
"Ownership Structure and Efficiency in Large Economies ,"
MPRA Paper
17677, University Library of Munich, Germany.
[Downloadable!]
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