Characterizations of the Public and Private Ownership Solutions

This paper characterizes two public ownership solutions in convex production economies with multiple inputs and multiple outputs, known respectively as the proportional and equal benefit solutions (Roemer and Silvestre (1989)), by means of axioms of upper and unanimously lower bounds of welfare respectively and an axiom of informational efficiency, Supporting Price Independence.

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Year of publication:	1998
Authors:	Yoshihara, N.
Institutions:	Institute of Social and Economic Research (ISER), Osaka University
Subject:	OWNERSHIP \| ECONOMIC EQUILIBRIUM

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Series:	ISER Discussion Paper.
Type of publication:	Book / Working Paper
Notes:	28 pages
Classification:	C72 - Noncooperative Games ; D51 - Exchange and Production Economies ; D78 - Positive Analysis of Policy-Making and Implementation ; H42 - Publicly Provided Private Goods
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008602966