Florenzano, Monique; Mercato, Elena Laureana Del - Maison des Sciences Économiques, Université Paris 1 … - 2004
In this paper, we propose a definition of Edgeworth equilibrium for a private ownership production economy with possibly infinitely many private goods and a finite number of pure public goods. We show that Edgeworth equilibria exist and can be decentralized as Lindahl-Foley equilibria, whatever...