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Status Equilibrium in Local Public Good Economies
Anne van den Nouweland and
Myrna Wooders ()
Additional contact information 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 (2008) This item may be available elsewhere in EconPapers: Search for items with the same title.
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Persistent link: http://EconPapers.repec.org/RePEc:wrk:warwec:733
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