Share equilibrium was introduced in van den Nouweland and Wooders (2011) as an extension of Lindahl's original equilibrium concept (Lindahl, 1919) to local public good economies. The current paper contains a comprehensive study of the possible share equilibrium outcomes of symmetric individuals,...

Share equilibrium was introduced in van den Nouweland and Wooders (2011) as an extension of Lindahl's original equilibrium concept (Lindahl, 1919) to local public good economies. The current paper contains a comprehensive study of the possible share equilibrium outcomes of symmetric individuals,...

We extend the ratio equilibrium concept (Kaneko 1977a,b) to local public good economies by defining and analyzing Local Public Good Equilibrium (LPGE). We show existence of LPGE for a far wider class of economies than prior work seeking to identify equilibria for local public good economies. In...