When Does the Equal Income Lindahl Equilibrium Solution Satisfy Resource Monotonicity?
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Research & Publications
When Does the Equal Income Lindahl Equilibrium Solution Satisfy Resource Monotonicity?
01/04/1992
When Does the Equal Income Lindahl Equilibrium Solution Satisfy Resource Monotonicity?
Lahiri Somdeb
Working Papers & Projects
In this paper we show that the Equal Income Lindahl Equilibrium solution Function satisfies resource monotonicity when preferences are quasi-linear and there is a constant returns to scale technology converting private good into public good.