Lindahl Equilibrium and Schweitzer's Open Club Model Semi-Public Goods

T. Ten Raa, R.P. Gilles

Research output: Working paperDiscussion paperOther research output

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Abstract

Limit core allocations are the ones that remain in the core of a replicated economy.An equivalent notion for economies with public goods is Schweizer s concept of club e ciency under a variable number of economic agents.We extend this notion to economies with goods that have a semi-public nature.We show that given certain conditions the equivalence of club e cient allocations and Lindahl equilibria holds for a wide range of economies with semi-public club goods.We also show that extension to a more general class of economies seems implausible.
Original languageEnglish
Place of PublicationTilburg
PublisherMicroeconomics
Number of pages15
Volume2003-56
Publication statusPublished - 2003

Publication series

NameCentER Discussion Paper
Volume2003-56

Fingerprint

Lindahl equilibrium
Clubs
Nature
Equivalence
Economics
Core allocation

Keywords

  • general equilibrium
  • public goods
  • efficiency
  • allocation

Cite this

Ten Raa, T., & Gilles, R. P. (2003). Lindahl Equilibrium and Schweitzer's Open Club Model Semi-Public Goods. (CentER Discussion Paper; Vol. 2003-56). Tilburg: Microeconomics.
Ten Raa, T. ; Gilles, R.P. / Lindahl Equilibrium and Schweitzer's Open Club Model Semi-Public Goods. Tilburg : Microeconomics, 2003. (CentER Discussion Paper).
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Ten Raa, T & Gilles, RP 2003 'Lindahl Equilibrium and Schweitzer's Open Club Model Semi-Public Goods' CentER Discussion Paper, vol. 2003-56, Microeconomics, Tilburg.

Lindahl Equilibrium and Schweitzer's Open Club Model Semi-Public Goods. / Ten Raa, T.; Gilles, R.P.

Tilburg : Microeconomics, 2003. (CentER Discussion Paper; Vol. 2003-56).

Research output: Working paperDiscussion paperOther research output

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N2 - Limit core allocations are the ones that remain in the core of a replicated economy.An equivalent notion for economies with public goods is Schweizer s concept of club e ciency under a variable number of economic agents.We extend this notion to economies with goods that have a semi-public nature.We show that given certain conditions the equivalence of club e cient allocations and Lindahl equilibria holds for a wide range of economies with semi-public club goods.We also show that extension to a more general class of economies seems implausible.

AB - Limit core allocations are the ones that remain in the core of a replicated economy.An equivalent notion for economies with public goods is Schweizer s concept of club e ciency under a variable number of economic agents.We extend this notion to economies with goods that have a semi-public nature.We show that given certain conditions the equivalence of club e cient allocations and Lindahl equilibria holds for a wide range of economies with semi-public club goods.We also show that extension to a more general class of economies seems implausible.

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KW - public goods

KW - efficiency

KW - allocation

M3 - Discussion paper

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BT - Lindahl Equilibrium and Schweitzer's Open Club Model Semi-Public Goods

PB - Microeconomics

CY - Tilburg

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Ten Raa T, Gilles RP. Lindahl Equilibrium and Schweitzer's Open Club Model Semi-Public Goods. Tilburg: Microeconomics. 2003. (CentER Discussion Paper).