Full Characterizations of Public Ownership Solutions.

This paper completely characterizes two public ownership solutions in convex production economies, known respectively as the Proportional Solution (PR), and the Equal Benefit Solution (EB), by adopting the axioms Moulin (1990a,b) discussed and introducing two other axioms, Pareto Independence (PI) and Support Price Independence (SPI).

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Year of publication:	1996
Authors:	Yoshihara, N.
Institutions:	Institute of Social and Economic Research (ISER), Osaka University
Subject:	GAMES \| GENERAL EQUILIBRIUM \| COST-BENEFIT ANALYSIS \| PUBLIC GOODS

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Series:	Osaka - Institute of Social and Economic Research.
Type of publication:	Book / Working Paper
Notes:	30 pages
Classification:	C72 - Noncooperative Games ; D51 - Exchange and Production Economies ; D61 - Allocative Efficiency; Cost-Benefit Analysis ; D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement ; H42 - Publicly Provided Private Goods
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005670070