Axiomatization of ratio equilibria in public good economies

A. van den Nouweland, S. Tijs and Myrna Wooders

No 269356, Economic Research Papers from University of Warwick - Department of Economics

Abstract: Using consistency properties, we characterize the cost-sharing scheme arising from the ratio equilibrium concept for economies with public goods. The characterization turns out to be surprisingly simple and direct. In contrast to most axiomatic characterizations based on reduced games and consistency properties, our characterization requires that in the reduced game, the players take as given the proportions of the costs paid by the members of the complementary player set, rather than their utility levels

Keywords: Agricultural and Food Policy; Public Economics (search for similar items in EconPapers)
Pages: 19
Date: 2001-02-26
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Axiomatization of ratio equilibria in public good economies (2002)
Working Paper: Axiomatizations of ratio equilibria in public good economies (2002)
Working Paper: Axiomatization of Ratio Equilibria in Public Good Economies (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uwarer:269356

DOI: 10.22004/ag.econ.269356

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