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.

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Year of publication:	2009
Authors:	Allouch, Nizar
Publisher:	London : Queen Mary University of London, Department of Economics
Subject:	Gleichgewichtstheorie \| Öffentliches Gut \| Altruismus \| Wohlfahrtstheorie \| Core \| Dezentralisierung \| Theorie \| competitive equilibrium \| warm glow \| public goods \| Edgeworth \| core \| decentralization

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Series:	Working Paper ; 642
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	598472975 [GVK] hdl:10419/55167 [Handle]
Classification:	H41 - Public Goods ; C71 - Cooperative Games ; D64 - Altruism
Source:	EconStor

Persistent link: https://www.econbiz.de/10010280750