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Status Equilibrium in Local Public Good Economies

Author

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  • Nouweland, Anne van den

    (Department of Economics, Vanderbilt University,)

  • Wooders, Myrna

    (Department of Economics, Vanderbilt University and Department of Economics, University of Warwick)

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

  • Nouweland, Anne van den & Wooders, Myrna, 2005. "Status Equilibrium in Local Public Good Economies," The Warwick Economics Research Paper Series (TWERPS) 733, University of Warwick, Department of Economics.
    • Handle: RePEc:wrk:warwec:733
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    References listed on IDEAS

    as
    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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    3. Kaneko, Mamoru, 1977. "The Ratio Equilibria and the Core of the Voting Game G(N, W) in a Public Goods Economy," Econometrica, Econometric Society, vol. 45(7), pages 1589-1594, October.
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    5. Eric Maskin, 1999. "Nash Equilibrium and Welfare Optimality," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 66(1), pages 23-38.
    6. Foley, Duncan K, 1970. "Lindahl's Solution and the Core of an Economy with Public Goods," Econometrica, Econometric Society, vol. 38(1), pages 66-72, January.
    7. Mas-Colell, Andreu & Silvestre, Joaquim, 1989. "Cost share equilibria: A Lindahlian approach," Journal of Economic Theory, Elsevier, vol. 47(2), pages 239-256, April.
    8. 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.
    9. Mas-Colell, Andreu & Silvestre, Joaquim, 1991. "A note on cost-share equilibrium and owner-consumers," Journal of Economic Theory, Elsevier, vol. 54(1), pages 204-214, June.
    10. Kaneko, Mamoru, 1977. "The ratio equilibrium and a voting game in a public goods economy," Journal of Economic Theory, Elsevier, vol. 16(2), pages 123-136, December.
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    More about this item

    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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