Status Equilibrium in Local Public Good Economies

Anne van den Nouweland and Myrna Wooders ()
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Anne van den Nouweland: Department of Economics, Vanderbilt University,

The Warwick Economics Research Paper Series (TWERPS) from University of Warwick, Department of Economics

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 agents' cost shares in any possible jurisdiction. We provide an axiomatic characterization of status equilibrium using consistency properties.

New Economics Papers: this item is included in nep-pbe and nep-ure
Date: 2005
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Related works:
Working Paper: Status Equilibrium in Local Public Good Economies (2005)
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