Arbeitspapier
A core-equilibrium convergence in an economy with public goods
This paper deals with a core-equilibrium equivalence in an economy with public goods where preferences of consumers display warm glow effects. We demonstrate that provided that each consumer becomes satiated to other consumers provision, it holds that, for a sufficiently large economy, the set of Edgeworth allocations is non-empty. Moreover, we show that an Edgeworth allocation could be decentralized as a warm glow equilibrium.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 642
- Klassifikation
-
Wirtschaft
Public Goods
Cooperative Games
Altruism; Philanthropy; Intergenerational Transfers
- Thema
-
competitive equilibrium
warm glow
public goods
Edgeworth
core
decentralization
Gleichgewichtstheorie
Öffentliches Gut
Altruismus
Wohlfahrtstheorie
Core
Dezentralisierung
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Allouch, Nizar
- Ereignis
-
Veröffentlichung
- (wer)
-
Queen Mary University of London, Department of Economics
- (wo)
-
London
- (wann)
-
2009
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Allouch, Nizar
- Queen Mary University of London, Department of Economics
Entstanden
- 2009
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