Browsing by Subject "H23"
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Existence and Efficiency of a Price-Taking Equilibrium in an Economy with Public Goods, Externalities, and Property Rights: A Coasian Approach (Vanderbilt University. Dept. of Economics, 2004-01)We consider a general equilibrium economy with public goods and externalities. Following Boyd and Conley (1997), we treat externality markets directly instead of indirectly through Arrovian commodities. Because such direct ...