A core-equilibrium convergence in an economy with public goods

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Working Paper ; No. 642

Classification and Topics

• Classification: Wirtschaft ; Public Goods ; Cooperative Games ; Altruism; Philanthropy; Intergenerational Transfers
• Subject: competitive equilibrium ; warm glow ; public goods ; Edgeworth ; core ; decentralization ; Gleichgewichtstheorie ; Öffentliches Gut ; Altruismus ; Wohlfahrtstheorie ; Core ; Dezentralisierung ; Theorie

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Allouch, Nizar
• Event: Veröffentlichung
• (who): Queen Mary University of London, Department of Economics
• (where): London
• (when): 2009

Further information

• Handle: http://hdl.handle.net/10419/55167
• Last update: 10.03.2025, 11:42 AM CET