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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"Axiomatization of Ratio Equilibria in Public Good Economies,"
The Warwick Economics Research Paper Series (TWERPS)
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