Shitovitz, Benyamin; Spiegel, Menahem - In: Economic Theory 22 (2003) 1, pp. 17-31
Using a general equilibrium framework, this paper analyzes the equilibrium provision of a pure public bad commodity (for example pollution). Considering a finite economy with one desired private good and one pure public “bad” we explicitly introduce the concept of Lindahl equilibrium and the...
