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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
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http://hdl.handle.net/10419/25847
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| Title: | | Existence, uniqueness and some comparative statics for ratio- and Lindahl equilibria: new wine in old bottles  |
| Authors: | | Buchholz, Wolfgang Cornes, Richard Peters, Wolfgang |
| Issue Date: | | 2006 |
| Series/Report no.: | | CESifo working paper 1802 |
| Abstract: | | We present a rigorous, yet elementary, demonstration of the existence of a unique Lindahl equilibrium under the assumptions that characterize the standard n-player public good model. Indeed, our approach, which exploits the aggregative structure of the public good model, lends itself to a transparent geometric representation. Moreover, it can handle the more general concept of the cost-share or ratio equilibrium. Finally, we indicate how it may be exploited to facilitate comparative static analysis of Lindahl and cost share equilibria. |
| JEL: | | H41 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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