Equitable Provision of Long-Term Public Goods : The Role of Negotiation Mandates

In a one-period model, whether or not individual weights in the welfare function are based on initial endowments dictate who provides public goods. But with long-term public goods, banning wealth redistribution still allows for several equilibriums...

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Bibliographic Details
Main Authors: Lecocq, Franck, Hourcade, Jean-Charles
Language:English
en_US
Published: World Bank, Washington, DC 2014
Subjects:
GDP
Online Access:http://documents.worldbank.org/curated/en/2003/12/5278693/equitable-provision-long-term-public-goods-role-negotiation-mandates
http://hdl.handle.net/10986/17431