CONVERGENCE THEOREMS ON THE CORE OF A PUBLIC-GOODS ECONOMY - SUFFICIENT CONDITIONS
成果类型：
Article
署名作者：
CONLEY, JP
刊物名称：
JOURNAL OF ECONOMIC THEORY
ISSN/ISSBN：
0022-0531
DOI：
10.1006/jeth.1994.1009
发表日期：
1994
页码：
161-185
关键词：
摘要：
It is shown if all consumers are either asymptotically satiated or strictly nonsatiated in public goods, then the core converges to the Lindahl allocations as the economy grow without bound. Asymptotic satiation implies that only a vanishing fraction of the private good is devoted to public goods production as the economy gets large. Strict nonsatiation, on the other hand, implies that essentially all of the private good is devoted to public goods production in the limit. It is interesting that these two conditions are independently sufficient for core convergence despite their completely opposite implications for the asymptotic nature of the Lindahl allocations. (C) 1994 Academic Press, Inc.