EFFICIENT EGALITARIAN-EQUIVALENCE AND THE CORE OF AN ECONOMY WITH PUBLIC PROJECTS

Authors
HAHN K GILLES RP
Citation
K. Hahn et Rp. Gilles, EFFICIENT EGALITARIAN-EQUIVALENCE AND THE CORE OF AN ECONOMY WITH PUBLIC PROJECTS, Economics letters, 60(2), 1998, pp. 173-178
Citations number
7
Categorie Soggetti
Economics
Journal title
Economics letters → ACNP
ISSN journal
01651765
Volume
60
Issue
2
Year of publication
1998
Pages
173 - 178
Database
ISI
SICI code
0165-1765(1998)60:2<173:EEATCO>2.0.ZU;2-Z
Abstract
We prove the existence of efficient egalitarian-equivalent allocations in an economy with a finite number of private goods and one abstract public project that can be executed by certain coalitions of economic agents. Efficient egalitarian-equivalent allocations, however, may not be in the core. (C) 1998 Elsevier Science S.A. All rights reserved.