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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
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Abstract:
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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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Find this file in the \Papers\1534\ folder of this CD-ROM.
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