Edgeworth and Lindahl-Foley equilibria of a general equilibrium model with private provision of pure public goods

Monique Florenzano and Elena del Mercato

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Abstract: In this paper, we propose a definition of Edgeworth equilibrium for a private ownership production economy with (possibly infinitely) many private goods and a finite number of pure public goods. We show that Edgeworth equilibria exist whatever be the dimension of the private goods space, and can be decentralized, in the finite and infinite dimensional cases, as Lindahl-Foley equilibria. Existence theorems for Lindahl-Foley equilibria are a by-product of our results.

Keywords: production economy; public goods; Edgworth equilibrium; Lindahl-Foley equilibrium; proper economy; économie de production; biens publics; équilibre d'Edgeworth; équilibre de Lindahl-Foley; économie propre (search for similar items in EconPapers)
Date: 2006-12
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00085726
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Citations: View citations in EconPapers (6)

Published in Journal of Public Economic Theory, 2006, 8 (5), pp.713-740. ⟨10.1111/j.1467-9779.2006.00285.x⟩

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Related works:
Journal Article: Edgeworth and Lindahl–Foley equilibria of a General Equilibrium Model with Private Provision of Pure Public Goods (2006)
Working Paper: Edgeworth and Lindahl-Foley equilibria of a general equilibrium model with private provision of pure public goods (2006)
Working Paper: Edgeworth and Lindahl-Foley equilibria of a general equilibrium model with private provision of pure public goods (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00085726

DOI: 10.1111/j.1467-9779.2006.00285.x

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