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

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  • Shitovitz, Benyamin
  • Spiegel, Menahem

Abstract

Shitovitz and Spiegel (1998) 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. Copyright 2001 by Blackwell Publishing Inc.

Suggested Citation

  • Shitovitz, Benyamin & Spiegel, Menahem, 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.
    • Handle: RePEc:bla:jpbect:v:3:y:2001:i:2:p:219-24
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    Cited by:

    1. Perets, Hovav & Shitovitz, Benyamin & Spiegel, Menahem, 2012. "Trading equilibrium in a public good economy with smooth preferences and a mixed measure space of consumers," Journal of Mathematical Economics, Elsevier, vol. 48(3), pages 163-169.
    2. Shlomit Hon-Snir & Benyamin Shitovitz & Menahem Spiegel, 2010. "Bayesian Equilibrium in a Public Good Economy," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 12(2), pages 387-398, April.

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