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http://hdl.handle.net/10016/4133
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| Title: | A note on Lindahl equilibria and incentive compatibility |
| Author(s): | Corchón, Luis C. [lcorchon] |
| Publisher: | Universidad Complutense de Madrid. Facultad de Ciencias Económicas y Empresariales |
| Issued date: | 1988 |
| URI: | http://hdl.handle.net/10016/4133 |
| Abstract: | We show that if there are Constant Returns to Scale in the production of the public good a) Any Lindahl equilibrium (L.E) is a Hash equilib:-iurn (N.E.) in a price-setting game, b) not all N.E. ~-e L.E., but just those fo:- which the production of the public good is positive and c) the set of L.E. and Strong Equilibria coincide. However if the supply function is continuously differentiable, L.E. is never a N.E. We end the paper with sorne general comments about the nature of the incentive problem. |
| Serie / Nº.: | Documentos de Trabajo
8803 |
| Appears in Collections: | DE - Otros documentos
Economists Online
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