Existence, Uniqueness And Some Comparative Statics For Ratio- And Lindahl Equilibria: New Wine In Old Bottles
We present a rigorous, yet elementary, demonstration of the existence of a unique Lindahl equilibrium under the assumptions that characterize the standard n-player public good model. Indeed, our approach, which exploits the aggregative structure of the public good model, lends itself to a transparent geometric representation. Moreover, it can handle the more general concept of the cost-share or ratio equilibrium. Finally, we indicate how it may be ex-ploited to facilitate comparative static analysis of Lindahl and cost share equilibria.
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- Kaneko, Mamoru, 1977. "The ratio equilibrium and a voting game in a public goods economy," Journal of Economic Theory, Elsevier, vol. 16(2), pages 123-136, December.
- Sertel, Murat R. & Yildiz, Muhamet, 1998. "The Lindahl solution with changing population and resources1," Mathematical Social Sciences, Elsevier, vol. 35(2), pages 151-163, March.
- Joaquim Silvestre, 2003. "Wicksell, Lindahl and the Theory of Public Goods," Scandinavian Journal of Economics, Wiley Blackwell, vol. 105(4), pages 527-553, December. Full references (including those not matched with items on IDEAS)
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