Optimality And Equilibrium In A Single-Product Economic Model With Collective Good (Computer Experiments)
This paper considers some of the simplest models of the economy with the collective good. Used computer simulations illustrate the relationship between equilibrium and the optimum. We propose a heuristic method for finding the economic equilibrium with the collective goods, which is a variant of the tatonnement process.
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- Pirttila, Jukka & Tuomala, Matti, 2002.
" Publicly Provided Private Goods and Redistribution: A General Equilibrium Analysis,"
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