IDEAS home Printed from https://ideas.repec.org/a/bla/jpbect/v7y2005i2p285-294.html
   My bibliography  Save this article

An Example of Nonexistence of Three‐Community Equilibrium

Author

Listed:
  • ANDREI M. GOMBERG

Abstract

In this paper I provide an example of sorting equilibrium nonexistence in a three‐community model of the type introduced in Caplin and Nalebuff (1997; Journal of Economic Theory 72, 306–342). With two communities, such an example has been shown to exist only when the dimension of the policy space is even. It turns out, however, that with three communities existence may fail regardless of whether the policy space dimension is odd or even. This suggests that the original odd/even dichotomy can, at least in part, be explained by the evenness of the number of communities.

Suggested Citation

  • Andrei M. Gomberg, 2005. "An Example of Nonexistence of Three‐Community Equilibrium," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 7(2), pages 285-294, May.
    • Handle: RePEc:bla:jpbect:v:7:y:2005:i:2:p:285-294
    DOI: 10.1111/j.1467-9779.2005.00204.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1467-9779.2005.00204.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1467-9779.2005.00204.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:jpbect:v:7:y:2005:i:2:p:285-294. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/apettea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.