Status Equilibrium in Local Public Good Economies

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Title: Status Equilibrium in Local Public Good Economies
Author: Nouweland, Anne van den; Wooders, Myrna Holtz
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.
URI: http://hdl.handle.net/1794/1924
Date: 2005-09-19


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