Efficiency in Economies with Jurisdictions and Public Projects
AbstractTraditionally in the literature on local public goods it is assumed that each local public good is a selection from a convex space. In this paper existence is shown for a class of finite models where local public goods are selections from abstract, possibly non-convex, commodity spaces. These equilibria are shown to contain the core.
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Bibliographic InfoPaper provided by EconWPA in its series Public Economics with number 9406004.
Length: 21 pages
Date of creation: 18 Jun 1994
Date of revision:
Note: 21 pages, TeX file, macros included
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Find related papers by JEL classification:
- D6 - Microeconomics - - Welfare Economics
- D7 - Microeconomics - - Analysis of Collective Decision-Making
- H - Public Economics
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The Warwick Economics Research Paper Series (TWERPS)
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