When Does the Equal Income Lindahl Equilibrium Solution Satisfy Resource Monotonicity?
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
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.