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  • 标题:The Menu-Induced Core of an Economy with an Excludable Public Good
  • 本地全文:下载
  • 作者:Toshiyuki Hirai
  • 期刊名称:Theoretical Economics Letters
  • 印刷版ISSN:2162-2078
  • 电子版ISSN:2162-2086
  • 出版年度:2014
  • 卷号:4
  • 期号:4
  • 页码:289-295
  • DOI:10.4236/tel.2014.44039
  • 出版社:Scientific Research Publishing
  • 摘要:This paper introduces a core concept in an economy with an excludable public good. In the economy, we assume that each coalition is allowed to achieve an allocation via a menu, a kind of a nonlinear price. Our core concept is called the menu-induced core that is defined as the set of allocations achievable by menus that are robust against all coalitional improvements achieved via menus. We show that the menu-induced core is nonempty. We also investigate certain properties of the menu-induced core that show the difference between the menu-induced core and the core defined in a standard way.
  • 关键词:Menu-Induced Core; Excludable Public Good
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