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This paper investigates efficiency and equitability issues given a cost sharing method f in an economy with a public commodity. We introduce the basic concept of a f-Lindahl equilibrium and study the set of all these particular equilibrium allocations. It then turns out that this set is...
Persistent link: https://www.econbiz.de/10005028254
The central result of this paper is a refinement of an equivalence theorem in Mas-Colell (1980) for the core of a finite economy with a public good. It is shown that an allocation belongs to the core if and only if it is a cost share equilibrium. A further characterization of core elements which...
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This paper examines a model of an infinite production economy with a finite number of types of agents and semi-public goods, where utility of a member of a coalition depends not only on the vector of public commodities produced by this coalition, but also on the structure of the coalition. The...
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In this paper we consider a model with two industrialized countries that face a flow of immigration from the "rest of the world." The countries differ in three characteristics: the labor complementarity between the "native" population and immigrants, the population size, and the magnitude of the...
Persistent link: https://www.econbiz.de/10005534146