Axiomatization of ratio equilibria in public good economies
UNSPECIFIED (2002) Axiomatization of ratio equilibria in public good economies. SOCIAL CHOICE AND WELFARE, 19 (3). pp. 627-636. ISSN 0176-1714Full text not available from this repository.
Using consistency properties, we characterize the cost-sharing scheme arising from the ratio equilibrium concept for economies with public goods. The characterization turns out to be surprisingly simple and direct. In contrast to most axiomatic characterizations based on reduced games and consistency properties, our characterization requires that in the reduced game, the players take as given the proportions of the costs paid by the members of the complementary player set, rather than their utility levels.
|Item Type:||Journal Article|
|Subjects:||H Social Sciences > HC Economic History and Conditions
H Social Sciences
|Journal or Publication Title:||SOCIAL CHOICE AND WELFARE|
|Number of Pages:||10|
|Page Range:||pp. 627-636|
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