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 agentsÂ’ cost shares in any possible jurisdiction. We provide an axiomatic charaterization of status equilibrium using consistency properties.

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Year of publication:	2005-09-25
Authors:	van den Nouweland, Anne ; Wooders, Myrna H.
Institutions:	Department of Economics, University of Oregon
Subject:	Local Public Goods \| Status Equilibrium \| Axiomatic Characterization

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Extent:	application/pdf
Series:	University of Oregon Economics Department Working Papers.
Type of publication:	Book / Working Paper
Notes:	2 pages long
Classification:	H41 - Public Goods ; D71 - Social Choice; Clubs; Committees; Associations ; D51 - Exchange and Production Economies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005464118