Walras-Lindahl-Wicksell: What equilibrium concept for public goods provision

Monique Florenzano

Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL

Abstract: Despite the large number of its references, this paper is less a survey than a systematic exposition, in an unifying framework ans 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 economy 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; équilibre de provision privée; équilibre de Lindahl; équilibre compétitif public; économie abstraite; existence de l'équilibre; théorèmes du bien-être; coeur (search for similar items in EconPapers)
Date: 2009-02-26
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00531434
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Citations: View citations in EconPapers (9)

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Working Paper: Walras-Lindahl-Wicksell: What equilibrium concept for public goods provision (2009)
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