A GENERALIZATION OF KANEKO RATIO EQUILIBRIUM FOR ECONOMIES WITH PRIVATE AND PUBLIC-GOODS
成果类型：
Note
署名作者：
DIAMANTARAS, D; WILKIE, S
署名单位：
Telcordia Technologies
刊物名称：
JOURNAL OF ECONOMIC THEORY
ISSN/ISSBN：
0022-0531
DOI：
10.1006/jeth.1994.1028
发表日期：
1994
页码：
499-512
关键词：
摘要：
We introduce an extension of Kaneko's ratio equilibrium to the case of economies with many public and private goods. Specifically, we employ a general production model where public goods may be inputs in the production of public goods. Using the accounting concept of transfer prices, we propose a definition of ratio equilibrium that generalizes Kaneko's. We prove that, under standard assumptions, ratio equilibria exist and are free-access core allocations and therefore Pareto efficient.