Buchholz, Wolfgang; Cornes, Richard; Peters, Wolfgang - In: FinanzArchiv: Public Finance Analysis 62 (2006) 1, pp. 28-49
Lindahl equilibria are often seen as an ideal outcome of cooperation in a public-goods economy. But it has also been observed that, if no transfer payments are possible, the Lindahl equilibrium may not be Pareto-superior to the Nash outcome of the voluntary-contribution game. We derive...