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

Preview |
PDF
MPRA_paper_132.pdf Download (310kB) | Preview |

## 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.

Item Type: | MPRA Paper |
---|---|

Original Title: | Subscription equilibria with public production: Existence and regularity |

Language: | English |

Keywords: | general equilibrium; public goods; subscription equilibrium; existence; generic regularity |

Subjects: | D - Microeconomics > D5 - General Equilibrium and Disequilibrium > D51 - Exchange and Production Economies H - Public Economics > H4 - Publicly Provided Goods > H41 - Public Goods |

Item ID: | 132 |

Depositing User: | Unal Zenginobuz |

Date Deposited: | 07 Oct 2006 |

Last Modified: | 29 Sep 2019 09:15 |

References: | Arrow, K. J., and F. Hahn (1971), General Competitive Analysis, San Francisco, Holden-Day. Bergstrom, T., Blume, L., and H. Varian (1986), On the Private Provision of Public Goods, Journal of Public Economics, 29, 25-49. Cornes, R., R. Hartley, and T. Sandler (1999), Equilibrium Existence and Uniqueness in Public Good Models: An Elementary Proof via Contraction. Journal of Public Economic Theory, 1(4), 499-509. Cornes, R., and T. Sandler (1985), The Simple Analytics of Pure Public Good Provision, Economica, 52, 103-116. Foley, D. (1967), Resource Allocation and the Public Sector, Yale Economic Essays, 7, 45-98. Florenzano, M. (2003), General Equilibrium Analysis, Kluwer Academic Press. Hirsch M. (1976), Differential Topology, Springer—Verlag, New York. Horn, R. A., and C. R. Johnson (1985), Matrix Analysis, Cambridge University Press, Cambridge, UK. McKenzie, L. W. (1955), Competitive Equilibrium with Dependent Consumer Preferences, in National Bureau of Standards and Department of the Air Force, The second symposium on linear programming, Washington, D.C. Malinvaud, E. (1972), Lectures on Microeconomic Theory, North Holland, Amsterdam. Myles, G. D. (1995), Public Economics, Cambridge University Press, Cambridge. Samuelson, P. A. (1954), The Pure Theory of Public Expenditure, Review of Economics and Statistics, 36, 387-389. Samuelson, P. A. (1969), Pure Theory of Public Expenditure and Taxation, in: Margolis, J., and H. Guitton (eds.), Public Economics, St. Martin, New York. Shafer, W., and H. Sonnenschein (1975), Some Theorems on the Existence of Competitive Equilibrium, Journal of Economic Theory, 11, 83-93. Villanacci, A., Carosi, L., Benevieri, P., and A. Battinelli (2002), Differential Topology and General Equilibrium with Complete and Incomplete Markets, Kluwer Academic Publishers. Villanacci, A., and E. U. Zenginobuz (2005), Existence and Regularity of Equilibria in a General Equilibrium Model with Private Provision of a Public Good, Journal of Mathematical Economics, 41, 617—636. Villanacci, A. and Zenginobuz, U. (forthcoming a), On the Neutrality of Redistribution in a General Equilibrium Model with Public Goods, Journal of Public Economic Theory. Villanacci, A. and Zenginobuz, U. (forthcoming b), Pareto Improving Interventions in a General Equilibrium Model with Private Provision of Public Goods, Review of Economic Design. Villanacci, A. and Zenginobuz, U. (2006), Subscription Equilibrium with Public Production: Neutrality and Constrained Suboptimality of Equilibria, mimeo. |

URI: | https://mpra.ub.uni-muenchen.de/id/eprint/132 |