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Status Equilibrium in Local Public Good Economies

Author

Listed:
  • Anne van den Nouweland

    (University of Oregon)

  • Myrna H. Wooders

    (Vanderbilt University, Warwick University)

Abstract

We define a concept of status equilibrium for local public good economies. A status equilibrium specifies one status index for each agent in an economy. These indices determine agentsÂ’ cost shares in any possible jurisdiction. We provide an axiomatic charaterization of status equilibrium using consistency properties.

Suggested Citation

  • Anne van den Nouweland & Myrna H. Wooders, 2005. "Status Equilibrium in Local Public Good Economies," University of Oregon Economics Department Working Papers 2005-14, University of Oregon Economics Department, revised 01 May 2008.
    • Handle: RePEc:ore:uoecwp:2005-14
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    Keywords

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    JEL classification:

    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
    • D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies

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