Status Equilibrium in Local Public Good Economies
AbstractWe define a concept of status equilibrium for local public good economies. A status equilibrium specifies one status index for each agent in an economy. These indices determine agentsÂ’ cost shares in any possible jurisdiction. We provide an axiomatic charaterization of status equilibrium using consistency properties.
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Bibliographic InfoPaper provided by University of Oregon Economics Department in its series University of Oregon Economics Department Working Papers with number 2005-14.
Date of creation: 25 Sep 2005
Date of revision: 01 May 2008
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Local Public Goods; Status Equilibrium; Axiomatic Characterization;
Other versions of this item:
- Nouweland, Anne van den & Wooders, Myrna, 2005. "Status Equilibrium in Local Public Good Economies," The Warwick Economics Research Paper Series (TWERPS) 733, University of Warwick, Department of Economics.
- H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
- D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-09-29 (All new papers)
- NEP-PBE-2005-09-29 (Public Economics)
- NEP-URE-2005-09-29 (Urban & Real Estate Economics)
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