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Stable Provision vs. Cournot–Nash Equilibria in Pure Public Good Economies

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  • Benyamin Shitovitz
  • Menahem Spiegel

Abstract

Shitovitz and Spiegel (1998, Journal of Economic Theory83, pp. 1–18) demonstrated that in pure public good economies, for some consumers the Lindahl consumption bundles can be inferior (utility‐wise) to their Cournot–Nash allocation. In this paper, we prove that in any finite pure public good economy there exists a core allocation that is unanimously preferred, utility‐wise, by all consumers over their Cournot–Nash consumption bundles.

Suggested Citation

  • Benyamin Shitovitz & Menahem Spiegel, 2001. "Stable Provision vs. Cournot–Nash Equilibria in Pure Public Good Economies," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 3(2), pages 219-224, April.
    • Handle: RePEc:bla:jpbect:v:3:y:2001:i:2:p:219-224
    DOI: 10.1111/1097-3923.00063
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