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  • 标题:The Edgeworth Conjecture in a Public Goods Economy: An Elementary Example
  • 本地全文:下载
  • 作者:Wolfgang Buchholz ; Wolfgang Peters
  • 期刊名称:Economics Bulletin
  • 电子版ISSN:1545-2921
  • 出版年度:2007
  • 卷号:8
  • 出版社:Economics Bulletin
  • 摘要:We show by a simple example that in a public goods economy consisting of identical individuals with symmetric Cobb-Douglas preferences the core of the economy does not con-verge to the Lindahl solution when the number of agents goes to infinity. This confirms in an elementary way that the Edgeworth conjecture does not necessarily hold in an economy with a public good.
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