Status Equilibrium for Local Public Good Economies
We introduce 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 agents' cost shares in any possible jurisdiction to which the agent might belong. We provide an axiomatic charaterization of status equilibrium using consistency properties.
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References listed on IDEAS
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- D. K. Foley, 1967.
"Lindahl's Solution and the Core of an Economy with Public Goods,"
3, Massachusetts Institute of Technology (MIT), Department of Economics.
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- van den Nouweland, C.G.A.M. & Tijs, S.H. & Wooders, M.H., 2002.
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Other publications TiSEM
2dd640c5-a714-4c22-b7dd-5, Tilburg University, School of Economics and Management.
- Anne van den Nouweland & Myrna H. Wooders & S. Tijs, 2002. "Axiomatization of ratio equilibria in public good economies," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 19(3), pages 627-636.
- van den Nouweland, A. & Wooders, M.H., 2001. "Axiomatization of Ratio Equilibria in Public Good Economies," The Warwick Economics Research Paper Series (TWERPS) 585, University of Warwick, Department of Economics.
- Kaneko, Mamoru, 1977. "The Ratio Equilibria and the Core of the Voting Game G(N, W) in a Public Goods Economy," Econometrica, Econometric Society, vol. 45(7), pages 1589-94, October.
- Eric Maskin, 1999. "Nash Equilibrium and Welfare Optimality," Review of Economic Studies, Oxford University Press, vol. 66(1), pages 23-38.
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