Status equilibrium in local public good economies

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Nouweland, Anne van den ; Wooders, Myrna Holtz (2005)
  • Publisher: University of Warwick, Department of Economics
  • Subject: HM | HB
    arxiv: Computer Science::Computers and Society

We define a concept of status equilibrium for local public good economies. A status equilibrium specifies one status index for each agent in an economy. These indices determine agents' cost shares in any possible jurisdiction. We provide an axiomatic characterization of status equilibrium using consistency properties.
  • References (14)
    14 references, page 1 of 2

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