Add to ORKGThis paper considers market economies involving the choice of a public environment when there are nonconvexities in production. It discusses the decentralization of efficient allocations by means of valuation equilibrium, adapting to many private goods the notion due to Mas-Colell (1980) which extends the Lindahlian approach to the pure theory of public goods. It is shown that a valuation equilibrium satisfies the two welfare theorems and is in the core
This paper was my attempt to build a theory of "public factors of production" such as scientific kno...
We consider a general equilibrium economy with public goods and externalities. Following Boyd and Co...
Abstract. Mathematical economics has a long history and covers many interdis-ciplinary areas between...
This paper considers market economies involving the choice of a public environment when there are no...
This paper extends the notion of valuation equilibrium which applies to market economies involving t...
The article deals with the two fundamental theorems of welfare economics for production economies wi...
Abstract. We study a continuous and balanced mechanism that is capable of implementing in Nash equil...
We offer a new formalization of Lindahl’s equilibrium notion for public goods which yields an endoge...
In our previous paper, "Optimal Allocation of Public Goods...," (1977) we presented a mechanism for ...
We study a balanced mechanism that is capable of implementing in Nash equilibrium all the Pareto-eff...
The paper considers economies involving one public good, one private good, and constant returns to s...
This dissertation examines the Nash equilibrium in giving by private individuals when the gifts are ...
Abstract: As an alternative to the Lindahl equilibrium for public goods Hines (2000) has proposed an...
A competitive market mechanism is a prominent example of a nonbinary social choice rule, typically d...
Limit core allocations are the ones that remain in the core of a replicated economy. An equivalent n...
This paper was my attempt to build a theory of "public factors of production" such as scientific kno...
We consider a general equilibrium economy with public goods and externalities. Following Boyd and Co...
Abstract. Mathematical economics has a long history and covers many interdis-ciplinary areas between...
This paper considers market economies involving the choice of a public environment when there are no...
This paper extends the notion of valuation equilibrium which applies to market economies involving t...
The article deals with the two fundamental theorems of welfare economics for production economies wi...
Abstract. We study a continuous and balanced mechanism that is capable of implementing in Nash equil...
We offer a new formalization of Lindahl’s equilibrium notion for public goods which yields an endoge...
In our previous paper, "Optimal Allocation of Public Goods...," (1977) we presented a mechanism for ...
We study a balanced mechanism that is capable of implementing in Nash equilibrium all the Pareto-eff...
The paper considers economies involving one public good, one private good, and constant returns to s...
This dissertation examines the Nash equilibrium in giving by private individuals when the gifts are ...
Abstract: As an alternative to the Lindahl equilibrium for public goods Hines (2000) has proposed an...
A competitive market mechanism is a prominent example of a nonbinary social choice rule, typically d...
Limit core allocations are the ones that remain in the core of a replicated economy. An equivalent n...
This paper was my attempt to build a theory of "public factors of production" such as scientific kno...
We consider a general equilibrium economy with public goods and externalities. Following Boyd and Co...
Abstract. Mathematical economics has a long history and covers many interdis-ciplinary areas between...