Efficiency in Economies with Jurisdictions and Public Projects
Traditionally in the literature on local public goods it is assumed that each local public good is a selection from a convex space. In this paper existence is shown for a class of finite models where local public goods are selections from abstract, possibly non-convex, commodity spaces. These equilibria are shown to contain the core.
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- Simon Wilkie & Dimitrios Diamantaras, 1996.
"On the set of Pareto efficient allocations in economies with public goods (*),"
Springer;Society for the Advancement of Economic Theory (SAET), vol. 7(2), pages 371-379.
- Diamantaras, Dimitrios & Wilkie, Simon, 1996. "On the Set of Pareto Efficient Allocations in Economies with Public Goods," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 7(2), pages 371-79, February.
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