Status Equilibrium in Local Public Good Economies
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 agents' cost shares in any possible jurisdiction. We provide an axiomatic characterization of status equilibrium using consistency properties.
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2dd640c5-a714-4c22-b7dd-5, Tilburg University, School of Economics and Management.
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