On the Existence and Efficiency of a Voting Equilibrium for a Public Good Economy

The main purpose of this paper is to formalise the concept of a compromise function. Subsequently, given a compromise function, we define a voting equilibrium and prove the existence of such an equilibrium. Finally, we close our analysis by showing that under some assumptions a voting equilibrium is Pareto optimal.

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Authors:	Somdeb, Lahiri
Institutions:	Economics, Indian Institute of Management

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Series:	IIMA Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number WP1993-09-01_01216
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008804122