Subscription Equilibria with Public Production: Existence and Regularity
University of Florence
Bogazici University - Department of Economics; Bogazici University - Center for Economic Design (CED)
Research in Economics, Forthcoming
We revisit the analysis of subscription equilibria in a full fledged general equilibrium model with public goods. We study the case of a nonprofit, or public, firm that produces the public good using private goods as inputs, which are to be financed by voluntary contributions (subscriptions) of households. We prove existence and generic regularity of subscription equilibria.
Number of Pages in PDF File: 24
Keywords: general equilibrium, public goods, subscription equilibrium, existence, generic regularity
JEL Classification: D51, H41Accepted Paper Series
Date posted: October 10, 2006
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