Decentralization in replicated club economies with multiple private goods.
The writers attempt to identify “exhaustion of blocking opportunities” as a sufficient condition to decentralize all allocations in the core as competitive equilibria and to identify efficient scale as necessary and, under an assumption on endowments, sufficient for existence of competitive equilibr...
| Publicado en: | Journal of Economic Theory Vol. 72; pp. 363 - 388 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Academic Press Inc.
February 1997
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=512949357&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 512949357 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00220531 RTH jtl: Journal of Economic Theory issn: 00220531 maglogo: N pubinfo: dt: February 1997 vid: 72 pid: 735 pub: Academic Press Inc. artinfo: ui: 512949357 10.1006/jeth.1996.2221 ppf: 363 ppct: 25 formats: tig: atl: Decentralization in replicated club economies with multiple private goods. aug: au: Gilles, Robert P. Scotchmer, Suzanne su: Economic equilibrium Economies of scale Resource allocation -- Mathematical models Clubs Economics sug: subj: Economic equilibrium Economies of scale Resource allocation -- Mathematical models Clubs Economics ab: The writers attempt to identify “exhaustion of blocking opportunities” as a sufficient condition to decentralize all allocations in the core as competitive equilibria and to identify efficient scale as necessary and, under an assumption on endowments, sufficient for existence of competitive equilibrium and nonemptiness of the core. The assumptions that they use are less restrictive than most of club theory in three ways: convexity assumptions are avoided; the linear structure in public goods that is imposed in Lindahl equilibrium is avoided; and the assumption that private goods are essential is avoided. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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