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On the Existence and Efficiency of a Voting Equilibrium for a Public Good Economy

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  • Lahiri Somdeb

Abstract

The main purpose of this paper is to formalise the concept of a compromise function. Subsequently, given a compromise function, we define a voting equilibrium and prove the existence of such an equilibrium. Finally, we close our analysis by showing that under some assumptions a voting equilibrium is Pareto optimal.

Suggested Citation

  • Lahiri Somdeb, 1993. "On the Existence and Efficiency of a Voting Equilibrium for a Public Good Economy," IIMA Working Papers WP1993-09-01_01216, Indian Institute of Management Ahmedabad, Research and Publication Department.
    • Handle: RePEc:iim:iimawp:wp01216
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