We present a general equilibrium model that encompasses the endogenous selection and shadow-pricing of a set of tradeable commodities, with home-based and social production activities. In the model, a "market system" is a set of costly social institutions which embody the trade and production...

This paper develops several versions of a concept of rational expectations Lindahl equilibrium for economies with private and public goods and linear production, and proves the generic existence of fully revealing rational expectations Lindahl equilibria using only the prices of the private...

The authors extend the findings of Mas-Colell on valuation equilibria and the relationship of cost-share equilibria with the core. They allow for any finite number of private goods and a set of public projects without any structure. The authors show the two welfare theorems for valuation...