Edgeworth and Lindahl-Foley equilibria of a general equilibrium model with private provision of pure public goods

In this paper, we propose a definition of Edgeworth equilibrium for a private ownership production economy with (possibly infinitely) many private goods and a finite number of pure public goods. We show that Edgeworth equilibria exist whatever be the dimension of the private goods space, and can be decentralized, in the finite and infinite dimensional cases, as Lindahl-Foley equilibria. Existence theorems for Lindahl-Foley equilibria are a by-product of our results.

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Year of publication:	2006-12
Authors:	Florenzano, Monique ; Mercato, Elena L. Del
Institutions:	HAL
Subject:	production economy \| public goods \| Edgworth equilibrium \| Lindahl-Foley equilibrium \| proper economy

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Extent:	application/pdf
Series:	Post-Print.
Type of publication:	Book / Working Paper
Notes:	View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00085726 Published, Journal of Public Economic Theory, 2006, 8, 5, 713-740
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010750403