Existence of share equilibrium in symmetric local public good economies
A. van den Nouweland and
Myrna Wooders ()
Mathematical Social Sciences, 2017, vol. 89, issue C, 50-60
Share equilibrium was introduced in van den Nouweland and Wooders (2011) as an extension of Lindahl’s original equilibrium concept (Lindahl, 1919) to local public good economies. The current paper contains a comprehensive study of the possible share equilibrium outcomes of symmetric individuals, exposing the forces that shape equilibrium and explaining the circumstances under which symmetric individuals can potentially have different equilibrium share indices. We provide an existence result for symmetric economies and a characterization of symmetric economies that admit share equilibria. We also establish equivalence between share equilibrium configurations in symmetric economies and core configurations in which the players all have the same utility.
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed
Downloads: (external link)
Full text for ScienceDirect subscribers only
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eee:matsoc:v:89:y:2017:i:c:p:50-60
Access Statistics for this article
Mathematical Social Sciences is currently edited by J.-F. Laslier
More articles in Mathematical Social Sciences from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().