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

Monique Florenzano and Elena del Mercato

Cahiers de la Maison des Sciences Economiques from Université Panthéon-Sorbonne (Paris 1)

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 and can be decentralized as Lindahl-Foley equilibria, whatever be the dimension of the private goods space. Existence theorems for Lindahl-Foley equilibria are a by-product of our results

Keywords: Production economy; public goods; Edgeworth equilibrium; Lindhal equilibrium; proper economy (search for similar items in EconPapers)
JEL-codes: D46 D51 H21 H41 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2004-07
New Economics Papers: this item is included in nep-mic and nep-pbe
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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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 (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:mse:wpsorb:b04082

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