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Subscription equilibria with public production: Existence and regularity

Villanacci, Antonio and Zenginobuz, Unal (2005): Subscription equilibria with public production: Existence and regularity. Forthcoming in: Research in Economics

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Abstract

We revisit the analysis of subscription equilibria in a full fledged general equilibrium model with public goods. We study the case of a nonprofit, or public, firm that produces the public good using private goods as inputs, which are to be financed by voluntary contributions (subscriptions) of households. We prove existence and generic regularity of subscription equilibria.

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