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Existence, Uniqueness and Some Comparative Statics for Ratio and Lindahl Equilibria

Buchholz, Wolfgang; Cornes, Richard; Peters, Wolfgang

Description

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]

CollectionsANU Research Publications
Date published: 2008
Type: Journal article
URI: http://hdl.handle.net/1885/17903
Source: Journal of Economics
DOI: 10.1007/s00712-008-0024-0

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