Equivalence of Lindahl equilibrium with participation prices and the core (*)

B-Tier
Journal: Economic Theory
Year: 1996
Volume: 9
Issue: 1
Pages: 115-127

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In a model of an economy with multiple public goods and differentiated crowding, it is shown that asymptotically the core has the equal treatment property and coincides with the equilibrium outcomes. It follows that all individuals of the same type in the same jurisdiction must pay the same Lindahl taxes and, with strict convexity of preferences, the same Lindahl prices. With only one private good, for sufficiently large economies we show (a) the equivalence of the core and the set of equilibrium outcomes and (b) the nonemptiness of approximate cores and their equivalence to the set of approximate equilibrium outcomes.

Technical Details

RePEc Handle
repec:spr:joecth:v:9:y:1996:i:1:p:115-127
Journal Field
Theory
Author Count
1
Added to Database
2026-01-29