Existence, Uniqueness and Some Comparative Statics for Ratio and Lindahl Equilibria
We present a rigorous, yet elementary, demonstration of the existence of a unique Lindahl equilibrium under the assumptions that characterize the standard n-player public good model. Indeed, our approach, which exploits the aggregative structure of the public good model, lends itself to a transparent geometric representation. Moreover, it can handle the more general concept of the cost share or ratio equilibrium. Finally, we indicate how it may be exploited to facilitate comparative static...[Show more]
|Collections||ANU Research Publications|
|Source:||Journal of Economics|
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