Status Equilibrium in Local Public Good Economies
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Date
2005-09-19
Authors
Nouweland, Anne van den
Wooders, Myrna Holtz
Journal Title
Journal ISSN
Volume Title
Publisher
University of Oregon, Dept of Economics
Abstract
We define a concept of status equilibrium for local public good economies. A status equilibrium specifies one status index for each agent in an economy. These indices determine agents’ cost shares in any possible jurisdiction. We provide an axiomatic charaterization of status equilibrium using consistency properties.
Description
10 p.
Keywords
Local public goods, Status equilibrium, Axiomatic characterization