Status Equilibrium in Local Public Good Economies

Anne van den Nouweland () and Myrna Wooders ()
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Anne van den Nouweland: University of Oregon

University of Oregon Economics Department Working Papers from University of Oregon Economics Department

Abstract: We define a concept of status equilibrium for local public good economies. A status equilibrium specifies one status index for each agent in an economy. These indices determine agentsÂ’ cost shares in any possible jurisdiction. We provide an axiomatic charaterization of status equilibrium using consistency properties.

Keywords: Local Public Goods; Status Equilibrium; Axiomatic Characterization (search for similar items in EconPapers)
JEL-codes: H41 D71 D51 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-pbe and nep-ure
Date: 2005-09-25, Revised 2008-05-01
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Working Paper: Status Equilibrium in Local Public Good Economies (2005)
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Persistent link: http://EconPapers.repec.org/RePEc:ore:uoecwp:2005-14

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