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Status Equilibrium in Local Public Good Economies

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  • van den Nouweland, A.
  • Wooders, M. H.

Abstract

We define a concept of status equilibrium for local public good economies. A status equilibrium specifies one status index for each agent in an economy. These indices determine agents’ cost shares in any possible jurisdiction. We provide an axiomatic characterization of status equilibrium using consistency properties.

Suggested Citation

  • van den Nouweland, A. & Wooders, M. H., 2005. "Status Equilibrium in Local Public Good Economies," Economic Research Papers 269626, University of Warwick - Department of Economics.
    • Handle: RePEc:ags:uwarer:269626
    DOI: 10.22004/ag.econ.269626
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    1. Conley, John P. & Wooders, Myrna H., 2001. "Tiebout Economies with Differential Genetic Types and Endogenously Chosen Crowding Characteristics," Journal of Economic Theory, Elsevier, vol. 98(2), pages 261-294, June.
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    7. Anne van den Nouweland & Myrna H. Wooders & S. Tijs, 2002. "Axiomatization of ratio equilibria in public good economies," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 19(3), pages 627-636.
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    More about this item

    Keywords

    Agricultural and Food Policy; Public Economics;

    JEL classification:

    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
    • D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies

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