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Equal factor equivalence in economies with multiple public goods

  • Yves Sprumont

    (Centre de Recherche et DÊveloppement en Economique and DÊpartement de Sciences Economiques, UniversitÊ de MontrÊal, MontrÊal, QuÊbec, Canada H3C 3J7)

We reconsider the problem of provision and cost-sharing of multiple public goods. The efficient equal factor equivalent allocation rule makes every agent indifferent between what he receives and the opportunity of choosing the bundle of public goods subject to the constraint of paying r times its cost, where r is set as low as possible. We show that this rule is characterized in economies with a continuum of agents by efficiency, a natural upper bound on everyone's welfare, and a property of solidarity with respect to changes in population and preferences.

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Article provided by Springer in its journal Social Choice and Welfare.

Volume (Year): 15 (1998)
Issue (Month): 4 ()
Pages: 543-558

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Handle: RePEc:spr:sochwe:v:15:y:1998:i:4:p:543-558
Note: Received: 3 August 1995 / Accepted : 29 April 1997
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