Bargaining over Public Goods
In a simple public good economy, we propose a natural bar- gaining procedure, the equilibria of which converge to Lin- dahl allocations as the cost of bargaining vanishes. The pro- cedure splits the decision over the allocation in a decision about personalized prices and a decision about output levels for the public good. Since this procedure does not assume price-taking behavior, it provides a strategic foundation for the personalized taxes inherent in the Lindahl solution to the public goods problem.
|Date of creation:||2009|
|Publication status:||Published in Journal of Public Economic Theory, Wiley, 2009, 11 (6), pp.927-945. <10.1111/j.1467-9779.2009.01438.x>|
|Note:||View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-00633592|
|Contact details of provider:|| Web page: https://hal.archives-ouvertes.fr/|
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