Walras-Lindahl-Wicksell: What equilibrium concept for public goods provision ? I - The convex case

Monique Florenzano

Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL

Abstract: Despite the large number of its references, this paper is less a survey than a systematic exposition, in an unifying framework and assuming convexity as well on the consumption side as on the production side, of the different equilibrium concepts elaborated for studying provision of public goods. As weak as possible conditions for their existence and their optimality properties are proposed. The general conclusion is that the drawbacks of the different equilibrium concepts lead to founding public economic policy either on direct Pareto improving government interventions or on state enforcement of decentralized mechanisms.

Keywords: Private provision equilibrium; Lindahl-Foley equilibrium; public competitive equilibrium; abstract economies; equilibrium existence; welfare theorems; core; Equilibre de provision privée; équilibre de Lindahl; équilibre compétitif public; économies abstraites; existence de l'équilibre; théorèmes du bien-être; coeur (search for similar items in EconPapers)
Date: 2009-02
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00367867
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Citations: View citations in EconPapers (9)

Published in 2009

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Working Paper: Walras-Lindahl-Wicksell: What equilibrium concept for public goods provision ? I - The convex case (2009)
Working Paper: Walras-Lindahl-Wicksell: What equilibrium concept for public goods provision? I - The convex case (2009)
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