Shitovitz and Spiegel (1998, Journal of Economic Theory 83, pp. 1-18) demonstrated that in pure public good economies, for some consumers the Lindahl consumption bundles can be inferior (utilitywise) to their Cournot-Nash allocation. In this paper, we prove that in any finite pure public good economy there exists a core allocation that is unanimously preferred, utility-wise, by all consumers over their Cournot-Nash consumption bundles.
|Original language||English (US)|
|Number of pages||6|
|Journal||Journal of Public Economic Theory|
|State||Published - 2001|
All Science Journal Classification (ASJC) codes
- Sociology and Political Science
- Economics and Econometrics