search query: @author Weber, S. / total: 10
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| Author: | Vasil'ev, V. Weber, S. Wiesmeth, H. |
| Title: | Core equivalence with congested public goods |
| Journal: | Economic Theory
1995 : SPRING, VOL. 6:3, p. 373-387 |
| Index terms: | ECONOMIC THEORY PUBLIC GOODS ECONOMICS |
| Language: | eng |
| Abstract: | This paper examines a model of an infinite production economy with a finite number of types of agents and semi-public goods, which are subjected to crowding and exclusion. The utility of an agent depends not only on the vector of public commodities produced by the coalition to which she belongs, but also on the mass of agents of her type who are the members of this coalition. The main purpose of the paper is to derive necessary and sufficient conditions on the local degrees of congestion which would guarantee the equivalence between the core and the set of equal treatment Lindahl equilibria. |
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