The Core Involving Public Goods Revisited: A Diagrammatical Analysis

23 Pages Posted: 22 Apr 2012

See all articles by Harutaka Takahashi

Harutaka Takahashi

Meiji Gakuin University - Department of Economics

Date Written: April 13, 2012

Abstract

Using a diagram called a "Kolm triangle" adopted in Kolm (197'7, the important issues of 1) Pareto efficiency and the core, and 2) Lindahl equilibrium and the core in the resource allocation problem involving public goods analyzed by Foley (197'7 and Nikaido (1976) can be illustrated merely using plane figures. One advantage of using such a diagrammatical method is that it allows an intuitive understanding of the salient problems of the core without using highly complicated mathematics to any degree.

Keywords: public goods, the Kolm triangle, core, the Lindahl equilibrium, coalition

JEL Classification: H41, H49, H44, D51

Suggested Citation

Takahashi, Harutaka, The Core Involving Public Goods Revisited: A Diagrammatical Analysis (April 13, 2012). Available at SSRN: https://ssrn.com/abstract=2043068 or http://dx.doi.org/10.2139/ssrn.2043068

Harutaka Takahashi (Contact Author)

Meiji Gakuin University - Department of Economics ( email )

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Tokyo, 108-8636
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