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Subscription equilibria with public production: Existence and regularity

  • Villanacci, Antonio
  • Zenginobuz, E. Unal

We revisit the analysis of subscription equilibria in a full fledged general equilibrium model with public goods. We study the case of a nonprofit, or public, firm that produces the public good using private goods as inputs, which are to be financed by voluntary contributions (subscriptions) of households. We prove existence and generic regularity of subscription equilibria.

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File URL: http://www.sciencedirect.com/science/article/B6WWP-4MDGN84-4/2/7e8b17464470b9ca3568942222af30f9
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Article provided by Elsevier in its journal Research in Economics.

Volume (Year): 60 (2006)
Issue (Month): 4 (December)
Pages: 199-215

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Handle: RePEc:eee:reecon:v:60:y:2006:i:4:p:199-215
Contact details of provider: Web page: http://www.elsevier.com/locate/inca/622941

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  1. Unal Zenginobuz & Antonio Villanacci, 2009. "Subscription Equilibrium with Production: Neutrality and Constrained Suboptimality of Equilibria," Working Papers 2009/03, Bogazici University, Department of Economics.
  2. Shafer, Wayne & Sonnenschein, Hugo, 1975. "Some theorems on the existence of competitive equilibrium," Journal of Economic Theory, Elsevier, vol. 11(1), pages 83-93, August.
  3. Antonio Villanacci & Ünal Zenginobuz, 2007. "On the Neutrality of Redistribution in a General Equilibrium Model with Public Goods," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 9(2), pages 183-200, 04.
  4. Cornes, Richard & Sandler, Todd, 1985. "The Simple Analytics of Pure Public Good Provision," Economica, London School of Economics and Political Science, vol. 52(205), pages 103-16, February.
  5. repec:cup:cbooks:9780521497695 is not listed on IDEAS
  6. Cornes, Richard & Hartley, Roger & Sandler, Todd, 1999. "Equilibrium Existence and Uniqueness in Public Good Models: An Elementary Proof Via Contraction," Staff General Research Papers 1630, Iowa State University, Department of Economics.
  7. Bergstrom, Theodore & Blume, Lawrence & Varian, Hal, 1986. "On the private provision of public goods," Journal of Public Economics, Elsevier, vol. 29(1), pages 25-49, February.
  8. Villanacci, Antonio & Zenginobuz, E.Unal, 2005. "Existence and regularity of equilibria in a general equilibrium model with private provision of a public good," Journal of Mathematical Economics, Elsevier, vol. 41(4-5), pages 617-636, August.
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