Resource title

Existence, uniqueness and some comparative statics for ratio- and Lindahl equilibria: new wine in old bottles

Resource image

image for OpenScout resource :: Existence, uniqueness and some comparative statics for ratio- and Lindahl equilibria: new wine in old bottles

Resource description

We present a rigorous, yet elementary, demonstration of the existence of a unique Lindahl equilibrium under the assumptions that characterize the standard n-player public good model. Indeed, our approach, which exploits the aggregative structure of the public good model, lends itself to a transparent geometric representation. Moreover, it can handle the more general concept of the cost-share or ratio equilibrium. Finally, we indicate how it may be exploited to facilitate comparative static analysis of Lindahl and cost share equilibria.

Resource author

Wolfgang Buchholz, Richard Cornes, Wolfgang Peters

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/25847

Resource license

Adapt according to the presented license agreement and reference the original author.