Fundamental nonconvexities in Arrovian markets and a Coasian solution to the problem of externalities

DOI10.1006/jeth.1996.2230zbMath0893.90025OpenAlexW2054449839MaRDI QIDQ1363371

John H. III Boyd, John P. Conley

Publication date: 7 August 1997

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1006/jeth.1996.2230

zbMATH Keywords

nonconvexitiespresence of externalitiesCoasian equilibriumgeneral equilibrium public goods model

Mathematics Subject Classification ID

General equilibrium theory (91B50)

Related Items

Externalities and fundamental nonconvexities: a reconciliation of approaches to general equilibrium externality modeling and implications for decentralization ⋮ Fundamental non-convexity and externalities: a differentiable approach ⋮ Walrasian prices in markets with tradable rights ⋮ Changes in the firms behavior after the opening of markets of allowances ⋮ Coasian equilibrium

Cites Work

• Unnamed Item
• Externalities and problems of nonconvexity and overhead costs in welfare economics
• Preferences, property rights, and anonymity in bargaining games
• Inducing Efficiency: Externalities, Missing Markets, and the Coase Theorem
• Lindahl's Solution and the Core of an Economy with Public Goods

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