Buchholz, Wolfgang and Cornes, Richard and Peters, Wolfgang (2008) \ Existence, uniqueness and some comparative statics for ratio and Lindahl equilibria. JOURNAL OF ECONOMICS, 95 (2). pp. 167-177. ISSN 0931-8658,
Full text not available from this repository. (Request a copy)Abstract
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.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | PUBLIC GOOD; GOODS; ECONOMY; NASH; Public goods; Lindahl equilibrium; Ratio equilibrium |
| Subjects: | 300 Social sciences > 330 Economics |
| Divisions: | Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Entpflichtete oder im Ruhestand befindliche Professoren > Lehrstuhl für Finanzwissenschaft, insbesondere Umweltökonomie (Prof. Dr. Wolfgang Buchholz) |
| Depositing User: | Dr. Gernot Deinzer |
| Date Deposited: | 21 Oct 2020 06:12 |
| Last Modified: | 21 Oct 2020 06:12 |
| URI: | https://pred.uni-regensburg.de/id/eprint/30110 |
Actions (login required)
 |
View Item |
