Status Equilibrium for Local Public Good Economies

Anne van den Nouweland () and Myrna Wooders
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Anne van den Nouweland: Department of Economics, University of Oregon

No 523, Vanderbilt University Department of Economics Working Papers from Vanderbilt University Department of Economics

Abstract: We introduce a concept of status equilibrium for local public good economies. A status equilibrium specifies one status index for each agent in an economy. These indices determine agents' cost shares in any possible jurisdiction to which the agent might belong. We provide an axiomatic charaterization of status equilibrium using consistency properties.

Keywords: Local public goods; status equilibrium; axiomatic characterization (search for similar items in EconPapers)
JEL-codes: D51 D71 H41 (search for similar items in EconPapers)
Date: 2005-09
New Economics Papers: this item is included in nep-pbe and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:van:wpaper:0523

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