Econometric Society 57th European Meeting
25th August 2002 - 28th August 2002, Venice, Italy

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A BARGAINING APPROACH TO THE PROVISION OF PUBLIC GOODS


Category: Economic Theory
Public Goods
Sunday 25th August 2002, 09:30 - 11:00, Room: 5.7
Session Chair(s): Huseyin Yildirim, Duke University, UNITED STATES

Presenter(s): Gines-Vilar, Miguel

Co-Author(s): none

Keyword(s): AXIOMATIC BARGAINING, EQUAL-LOSS SOLUTION, NASH SOLUTION, PUBLIC GOODS

JEL(s): C71, C78

Abstract:

Welfarism is a very strong and critizied axiom ( see Roemer (1988)) and, in economies with public goods and agents with quasi-linear preferences, it characterizes a very special class of solutions known as monotone utility path. Here it is provided the characterization of four solutions, namely, Nash solution, lexicographic extension of Nash solution, equal-loss solution and rational equal-loss solution without making use of the welfarism axiom or equivalent axioms.


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Paper Reference Number: 1534

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57th European Meeting
25th August 2002 - 28th August 2002, Venice, Italy

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