The provision of collective goods through a social division of labour

Robert P. Gilles, Marialaura Pesce and Dimitrios Diamantaras

Journal of Economic Behavior & Organization, 2020, vol. 178, issue C, 287-312

Abstract: We develop a general equilibrium framework in which a wide range of collective economic configurations are provided through specialised professionals as part of an endogenously emerging social division of labour. We extend the theory of value to this setting bringing together a model of an economy with collective goods with the model of a private-goods market economy with an endogenously emerging social division of labour. Natural applications are the presence of non-tradables in production, the effects of education on productive abilities, and the market system itself as an implementation of the price mechanism.

Keywords: Social division of labour; Consumer-producer; Collective goods; Pareto optimality; Valuation equilibrium; The welfare theorems (search for similar items in EconPapers)
JEL-codes: D41 D51 H41 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Working Paper: The Provision of Collective Goods Through a Social Division of Labour (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:178:y:2020:i:c:p:287-312

DOI: 10.1016/j.jebo.2020.07.016

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