Affine cost share equilibria for economies with public goods

dc.contributor.author	Lahiri, Somdeb
dc.date.accessioned	2010-03-26T11:50:49Z
dc.date.available	2010-03-26T11:50:49Z
dc.date.copyright	1993-01
dc.date.issued	2010-03-26T11:50:49Z
dc.identifier.uri	http://hdl.handle.net/11718/1652
dc.description.abstract	In this paper we propose the concept of an affine cost share equilibrium and show that under natural assumptions any optimal allocation corresponds to an affine cost share equilibrium. With linear cost functions and under mild regularity assumptions we show that an optimal allocation is a ratio equilibrium with redistribution. In an appendix to the paper we propose a new proof of the existence of a ratio equilibrium when the preferences of the agents are representable by strictly quasi-concave, continuous and strictly monotonically increasing utility functions.	en
dc.language.iso	en	en
dc.relation.ispartofseries	WP;1993/1079
dc.subject	Public goods	en
dc.subject	Affine	en
dc.title	Affine cost share equilibria for economies with public goods	en
dc.type	Working Paper	en