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Share equilibrium in local public good economies
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van den Nouweland, A. and Wooders, Myrna Holtz (2010) Share equilibrium in local public good economies. In: EPSRC Symposium Workshop on Game theory for finance, social and biological sciences (GAM), University of Warwick, Coventry, 14-17 Apr 2010 (Unpublished)
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Official URL: http://www2.warwick.ac.uk/fac/sci/maths/research/e...
Abstract
We define a concept of share equilibrium for local public good (or club) economies where players may have preferences over the membership of their jurisdiction. A share equilibrium specifies one share index for each player in an economy. These indices determine each player’s cost shares in any jurisdiction that he might join. We establish a relation between share equilibium and the core and also prove an existence result and provide an axiomatic characterization of share equilibrium using consistency properties.
Item Type: | Conference Item (Paper) | ||||
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Subjects: | H Social Sciences > HB Economic Theory | ||||
Divisions: | Faculty of Social Sciences > Economics | ||||
Official Date: | 16 April 2010 | ||||
Dates: |
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Status: | Not Peer Reviewed | ||||
Publication Status: | Unpublished | ||||
Version or Related Resource: | van den Nouweland, A. and Wooders, Myrna Holtz (2010). Share equilibrium in club economies and economies with local public goods. In: Sorbonne Summer Workshop in Economic Theory. Paris, 14-15 Jun 2010. | ||||
Conference Paper Type: | Paper | ||||
Title of Event: | EPSRC Symposium Workshop on Game theory for finance, social and biological sciences (GAM) | ||||
Type of Event: | Conference | ||||
Location of Event: | University of Warwick, Coventry | ||||
Date(s) of Event: | 14-17 Apr 2010 | ||||
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