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.Valuation Equilibrium, Increasing Returns to Scale, Efficiency.
Models on private provision of public goods typically involve a single private good and linear produ...
International audienceIn a simple public good economy, we propose a natural bar- gaining procedure, ...
We study the assignment of objects in environments without transfers allowing for single-unit and ge...
This paper considers market economies involving the choice of a public environment when there are no...
The paper considers economies involving one public good, one private good, and constant returns to s...
This paper extends the notion of valuation equilibrium which applies to market economies involving t...
In our previous paper, "Optimal Allocation of Public Goods...," (1977) we presented a mechanism for ...
The article deals with the two fundamental theorems of welfare economics for production economies wi...
Créé le 26 février 2009. Révisé en Avril 2010.Despite the large number of its references, this paper...
We consider a Bayesian public goods environment with independent private valuations, where a public ...
In our previous paper, "Optimal Allocation of Public Goods...," (1977) we presented a mechanism for ...
We study a continuous and balanced mechanism that is capable of implementing in Nash equilibrium all...
This paper proposes a notion of equilibrium for an economy with increasing returns to scale and give...
We offer a new formalization of Lindahl’s equilibrium notion for public goods which yields an endoge...
We consider a general equilibrium economy with public goods and externalities. Following Boyd and Co...
Models on private provision of public goods typically involve a single private good and linear produ...
International audienceIn a simple public good economy, we propose a natural bar- gaining procedure, ...
We study the assignment of objects in environments without transfers allowing for single-unit and ge...
This paper considers market economies involving the choice of a public environment when there are no...
The paper considers economies involving one public good, one private good, and constant returns to s...
This paper extends the notion of valuation equilibrium which applies to market economies involving t...
In our previous paper, "Optimal Allocation of Public Goods...," (1977) we presented a mechanism for ...
The article deals with the two fundamental theorems of welfare economics for production economies wi...
Créé le 26 février 2009. Révisé en Avril 2010.Despite the large number of its references, this paper...
We consider a Bayesian public goods environment with independent private valuations, where a public ...
In our previous paper, "Optimal Allocation of Public Goods...," (1977) we presented a mechanism for ...
We study a continuous and balanced mechanism that is capable of implementing in Nash equilibrium all...
This paper proposes a notion of equilibrium for an economy with increasing returns to scale and give...
We offer a new formalization of Lindahl’s equilibrium notion for public goods which yields an endoge...
We consider a general equilibrium economy with public goods and externalities. Following Boyd and Co...
Models on private provision of public goods typically involve a single private good and linear produ...
International audienceIn a simple public good economy, we propose a natural bar- gaining procedure, ...
We study the assignment of objects in environments without transfers allowing for single-unit and ge...