Abstract
Shitovitz and Spiegel (1998, Journal of Economic Theory 83, pp. 1-18) demonstrated that in pure public good economies, for some consumers the Lindahl consumption bundles can be inferior (utilitywise) to their Cournot-Nash allocation. In this paper, we prove that in any finite pure public good economy there exists a core allocation that is unanimously preferred, utility-wise, by all consumers over their Cournot-Nash consumption bundles.
Original language | English |
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Pages (from-to) | 219-224 |
Number of pages | 6 |
Journal | Journal of Public Economic Theory |
Volume | 3 |
Issue number | 2 |
DOIs | |
State | Published - 2001 |
ASJC Scopus subject areas
- Finance
- Sociology and Political Science
- Economics and Econometrics