Existence, uniqueness and some comparative statics for ratio and Lindahl equilibria

Wolfgang Buchholz*, Richard Cornes, Wolfgang Peters

*Corresponding author for this work

    Research output: Contribution to journalArticlepeer-review

    9 Citations (Scopus)

    Abstract

    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.

    Original languageEnglish
    Pages (from-to)167-177
    Number of pages11
    JournalJournal of Economics/ Zeitschrift fur Nationalokonomie
    Volume95
    Issue number2
    DOIs
    Publication statusPublished - Nov 2008

    Fingerprint

    Dive into the research topics of 'Existence, uniqueness and some comparative statics for ratio and Lindahl equilibria'. Together they form a unique fingerprint.

    Cite this