EXISTENCE, UNIQUENESS AND SOMECOMPARATIVE STATICS FOR RATIO- ANDLINDAHL EQUILIBRIA: NEW WINE IN OLDBOTTLES

We present a rigorous, yet elementary, demonstration of the existence of a uniqueLindahl equilibrium under the assumptions that characterize the standard n-player public goodmodel. Indeed, our approach, which exploits the aggregative structure of the public goodmodel, lends itself to a transparent geometric representation. Moreover, it can handle the moregeneral concept of the cost-share or ratio equilibrium...

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Year of publication:	2006-09-04
Authors:	Buchholz, Wolfgang ; Cornes, Richard ; Peters, Wolfgang
Institutions:	Universität <Regensburg> / Fakultät für Wirtschaftswissenschaft ; University <Nottingham> / Department of Economics
Subject:	Öffentliches Gut \| Public Property \| Gleichgewicht \| Komparativ-statische Analyse \| Comparative Statics \| Aktienanleihe \| share equilibria \| Einzigkeit \| uniqueness

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Extent:	94208 bytes 13 p. application/pdf
Series:	The University of Nottingham / School of Economics - discussion papers Discussion PaperNo. 06/08
Type of publication:	Book / Working Paper
Language:	English
Classification:	H41 - Public Goods ; Strategic management ; Specific management methods ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005868659