Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/55167
Authors: 
Allouch, Nizar
Year of Publication: 
2009
Series/Report no.: 
Working Paper // School of Economics and Finance, Queen Mary, University of London 642
Abstract: 
This paper deals with a core-equilibrium equivalence in an economy with public goods where preferences of consumers display warm glow effects. We demonstrate that provided that each consumer becomes satiated to other consumers provision, it holds that, for a sufficiently large economy, the set of Edgeworth allocations is non-empty. Moreover, we show that an Edgeworth allocation could be decentralized as a warm glow equilibrium.
Subjects: 
competitive equilibrium
warm glow
public goods
Edgeworth
core
decentralization
JEL: 
H41
C71
D64
Document Type: 
Working Paper

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