On the Existence and Efficiency of a Voting Equilibrium for a Public Good Economy

Somdeb Lahiri

IIMA Working Papers from Indian Institute of Management Ahmedabad, Research and Publication Department

Abstract: The main purpose of this paper is to formalise the concept of a compromise function. Subsequently, given a compromise function, we define a voting equilibrium and prove the existence of such an equilibrium. Finally, we close our analysis by showing that under some assumptions a voting equilibrium is Pareto optimal.

Date: 1993-09-01
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Working Paper: On the Existence and Efficiency of a Voting Equilibrium for a Public Good Economy (1994)
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