Existence of Share Equilibrium in Symmetric Local Public Good Economies

36 Pages Posted: 21 Apr 2017

See all articles by Anne van den Nouweland

Anne van den Nouweland

University of Oregon - Department of Economics

Myrna H. Wooders

Vanderbilt University - College of Arts and Science - Department of Economics

Multiple version iconThere are 2 versions of this paper

Date Written: April 19, 2017

Abstract

Share equilibrium was introduced in van den Nouweland and Wooders (2011) as an extension of Lindahl’s original equilibrium concept (Lindahl, 1919) to local public good economies. The current paper contains a comprehensive study of the possible share equilibrium outcomes of symmetric individuals, exposing the forces that shape equilibrium and explaining the circumstances under which symmetric individuals can potentially have different equilibrium share indices. We provide an existence result for symmetric economies and a characterization of symmetric economies that admit share equilibria.

Keywords: Share Equilibrium, Local Public Goods, Cost Shares, Core, Top Convexity

JEL Classification: D7, C7

Suggested Citation

van den Nouweland, Anne and Wooders, Myrna H., Existence of Share Equilibrium in Symmetric Local Public Good Economies (April 19, 2017). Available at SSRN: https://ssrn.com/abstract=2955452 or http://dx.doi.org/10.2139/ssrn.2955452

Anne Van den Nouweland (Contact Author)

University of Oregon - Department of Economics ( email )

Eugene, OR 97403
United States
541-346-1267 (Phone)
541-346-1243 (Fax)

HOME PAGE: http://pages.uoregon.edu/annev/

Myrna H. Wooders

Vanderbilt University - College of Arts and Science - Department of Economics ( email )

Box 1819 Station B
Nashville, TN 37235
United States

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