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Title:Existence, uniqueness and some comparative statics for ratio- and Lindahl equilibria: new wine in old bottles PDF Logo
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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