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,"
Scandinavian Journal of Economics,
Wiley Blackwell, vol. 104(1), pages 173-188.
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- J. H. Dreze & D. de la Vallee Poussin, 1971. "A Tâtonnement Process for Public Goods," Review of Economic Studies, Oxford University Press, vol. 38(2), pages 133-150.
- Claude Fourgeaud & Bernard Lenclud & Pierre Michel, 1983. "Taux d'actualisation et prix de l'énergie," Revue Économique, Programme National Persée, vol. 34(2), pages 253-276.
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