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Economies with Public Goods: An Elementary Geometric Exposition

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  • William Thomson

Abstract

This paper explains how to represent economies with one private good, one public good, and two agents when the public good is produced from the private good by operating a linear technology, by means of the so‐called “Kolm triangle.” It also shows the usefulness of this representation in analyzing this class of economies.

Suggested Citation

  • William Thomson, 1999. "Economies with Public Goods: An Elementary Geometric Exposition," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 1(1), pages 139-176, January.
    • Handle: RePEc:bla:jpbect:v:1:y:1999:i:1:p:139-176
    DOI: 10.1111/1097-3923.00006
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    Cited by:

    1. Julio Dávila & Jan Eeckhout & César Martinelli, 2009. "Bargaining over Public Goods," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 11(6), pages 927-945, December.
    2. Wolfgang Buchholz & Richard Cornes & Dirk Rübbelke, 2020. "Matching in the Kolm triangle: interiority and participation constraints of matching equilibria," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 47(5), pages 1039-1050, April.
    3. Matt Van Essen, 2015. "Bartering Games in the Kolm Triangle," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 17(3), pages 297-310, June.
    4. William Thomson, 2023. "On the shape of Pareto sets in Edgeworth box economies," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 11(2), pages 181-190, October.
    5. Wolfgang Buchholz & Richard Cornes & Dirk Rübbelke, 2011. "Matching as a Cure for Underprovision of Voluntary Public Good Supply: Analysis and an Example," CESifo Working Paper Series 3374, CESifo.

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