Showing 1 - 9 of 9
Persistent link: https://www.econbiz.de/10001509419
Persistent link: https://www.econbiz.de/10001199658
Persistent link: https://www.econbiz.de/10001248937
Persistent link: https://www.econbiz.de/10000939978
Persistent link: https://www.econbiz.de/10000906884
Persistent link: https://www.econbiz.de/10000985949
In economies with public goods, we provide a necessary and sufficient condition for the existence of cost monotonic selections from the set of Pareto optimal and individually rational allocations. Such selections exist if and only if the preferences of the agents satisfy what we call the equal...
Persistent link: https://www.econbiz.de/10008542863
In economies with public goods, and agents with quasi-linear preferences, we give a characterization of the welfare egalitarian correspondence in terms of three axioms: Pareto optimality, symmetry and solidarity. This last property requires that an improvement in the ability to exploit the...
Persistent link: https://www.econbiz.de/10005515903
This paper presents a model of nation formation in which culturally heterogeneous agents vote on the optimal level of public spending. Larger nations benefit from increasing returns in the provision of public goods, but bear the costs of greater cultural heterogeneity. This tradeoff induces...
Persistent link: https://www.econbiz.de/10014054107