The Edgeworth Conjecture in a Public Goods Economy: An Elementary Example

Wolfgang Buchholz () and Wolfgang Peters ()
Additional contact information
Wolfgang Peters: European University Viadrina

Economics Bulletin, 2007, vol. 8, issue 6, 1-4

Abstract: We show by a simple example that in a public goods economy consisting of identical individuals with symmetric Cobb-Douglas preferences the core of the economy does not con-verge to the Lindahl solution when the number of agents goes to infinity. This confirms in an elementary way that the Edgeworth conjecture does not necessarily hold in an economy with a public good.

Keywords: core (search for similar items in EconPapers)
JEL-codes: H4 (search for similar items in EconPapers)
Date: 2007-07-04
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.accessecon.com/pubs/EB/2007/Volume8/EB-07H40003A.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-07h40003

Access Statistics for this article

More articles in Economics Bulletin from AccessEcon
Bibliographic data for series maintained by John P. Conley ().