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

Monique Florenzano

Documents de travail du Centre d'Economie de la Sorbonne from Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne

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 (search for similar items in EconPapers)
JEL-codes: D51 D60 H41 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2009-02
New Economics Papers: this item is included in nep-hpe and nep-pbe
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Citations: View citations in EconPapers (9)

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ftp://mse.univ-paris1.fr/pub/mse/CES2009/09009.pdf (application/pdf)

Related works:
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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Persistent link: https://EconPapers.repec.org/RePEc:mse:cesdoc:09009

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