Existence, Uniqueness And Some Comparative Statics For Ratio- And Lindahl Equilibria: New Wine In Old Bottles
AbstractWe present a rigorous, yet elementary, demonstration of the existence of a unique Lindahl equilibrium under the assumptions that characterize the standard n-player public good model. Indeed, our approach, which exploits the aggregative structure of the public good model, lends itself to a transparent geometric representation. Moreover, it can handle the more general concept of the cost-share or ratio equilibrium. Finally, we indicate how it may be ex-ploited to facilitate comparative static analysis of Lindahl and cost share equilibria.
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Bibliographic InfoPaper provided by University of Nottingham, School of Economics in its series Discussion Papers with number 06/08.
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Public goods; Lindahl equilibrium; ratio equilibrium.;
Other versions of this item:
- Wolfgang Buchholz & Richard Cornes & Wolfgang Peters, 2006. "Existence, Uniqueness and Some Comparative Statics for Ratio- and Lindahl Equilibria: New Wine in Old Bottles," CESifo Working Paper Series 1802, CESifo Group Munich.
- H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
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Keele Economics Research Papers
KERP 2003/05, Centre for Economic Research, Keele University.
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