Arbeitspapier
Existence, uniqueness and some comparative statics for ratio- and Lindahl equilibria: new wine in old bottles
We present a rigorous, yet elementary, demonstration of the existence of a unique Lindahl equilibrium under the assumptions that characterize the standard n-player public good model. Indeed, our approach, which exploits the aggregative structure of the public good model, lends itself to a transparent geometric representation. Moreover, it can handle the more general concept of the cost-share or ratio equilibrium. Finally, we indicate how it may be exploited to facilitate comparative static analysis of Lindahl and cost share equilibria.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 1802
- Klassifikation
-
Wirtschaft
Public Goods
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Buchholz, Wolfgang
Cornes, Richard
Peters, Wolfgang
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2006
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Buchholz, Wolfgang
- Cornes, Richard
- Peters, Wolfgang
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2006