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

DOI10.1006/JETH.1996.2230MaRDI QIDQ1363371zbMATH OpenOpenAlexFDO

Authors John H. III Boyd, John P. Conley

Publication date 7 August 1997

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

Copyright license Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International

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)

Recommendations

• Coasian equilibrium
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Cites work

• scientific article; zbMATH DE number 3908100 (Why is no real title available?)
• Externalities and problems of nonconvexity and overhead costs in welfare economics
• Inducing Efficiency: Externalities, Missing Markets, and the Coase Theorem
• Lindahl's Solution and the Core of an Economy with Public Goods
• Preferences, property rights, and anonymity in bargaining games

Cited in

(9)

• Fundamental non-convexity and externalities: a differentiable approach
• Inducing Efficiency: Externalities, Missing Markets, and the Coase Theorem
• Equilibrium and efficiency with property rights and local consumption externalities
• Coasian equilibrium
• Externalities and fundamental nonconvexities: a reconciliation of approaches to general equilibrium externality modeling and implications for decentralization
• scientific article; zbMATH DE number 3936879 (Why is no real title available?)
• A reconsideration of the problem of social cost: Free riders and monopolists
• Walrasian prices in markets with tradable rights
• Changes in the firms behavior after the opening of markets of allowances

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