The Core Coincides With The Nucleolus Allocations In A Public Goods Economy With Taxation
We study a public goods economy with a certain tax system to finance public goods provision. Each coalition is allowed to tax the complementary coalition when proposing a new allocation. Taxation is regulated by a public authority so as to satisfy certain restriction on the resulting allocation. We show that the core coincides with the set of nucleolus allocations defined in this economy. We also show that the core is nonempty under the usual convexity assumptions.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 11 (2009)
Issue (Month): 02 ()
|Contact details of provider:|| Web page: http://www.worldscinet.com/igtr/igtr.shtml|
|Order Information:|| Email: |
When requesting a correction, please mention this item's handle: RePEc:wsi:igtrxx:v:11:y:2009:i:02:p:141-155. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Tai Tone Lim)
If references are entirely missing, you can add them using this form.