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A UNANIMOUS CONSENT SOLUTION TO THE SUPPLY OF PUBLIC GOODS: Getting PPI Rules from a PI Process

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  • Farmer, Michael C.

Abstract

I model a cooperative bargain for the supply of non-rival goods. The model departs from cooperative games generally by accepting a second best framework and core reducing behavior by the implementation. problem. The solution admits the Kaldor-Hicks hypothetical consent efficiency rules as decision rules to a unanimous consent game.

Suggested Citation

  • Farmer, Michael C., 1991. "A UNANIMOUS CONSENT SOLUTION TO THE SUPPLY OF PUBLIC GOODS: Getting PPI Rules from a PI Process," 1991 Annual Meeting, August 4-7, Manhattan, Kansas 271197, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea91:271197
    DOI: 10.22004/ag.econ.271197
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    References listed on IDEAS

    as
    1. Foley, Duncan K, 1970. "Lindahl's Solution and the Core of an Economy with Public Goods," Econometrica, Econometric Society, vol. 38(1), pages 66-72, January.
    2. SCHMEIDLER, David, 1969. "The nucleolus of a characteristic function game," LIDAM Reprints CORE 44, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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