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Efficient Allocations in Club Economies

Marcus Berliant () and John Edwards ()

Journal of Public Economic Theory, 2004, vol. 6, issue 1, 43-63

Abstract: We explore the characteristics of Pareto-optimal allocations in the context of local public goods or clubs. A set of first-order conditions for Pareto optimality is provided. Classical treatments apparently neglect an important term related to migrant compensation, and thus are incorrect. A Pareto optimum is shown to exist. Copyright 2004 Blackwell Publishing Inc..

Date: 2004
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Handle: RePEc:bla:jpbect:v:6:y:2004:i:1:p:43-63