Efficient allocations in club economies

Marcus Berliant; John H.Y. Edwards

doi:10.1111/j.1467-9779.2004.00156.x

Efficient allocations in club economies

Marcus Berliant
, John H.Y. Edwards

Research output: Contribution to journal › Article › peer-review

2 Scopus citations

Abstract

We explore the characteristics of Pareto-optimal allocations in the context of local public goods or clubs. A set of first-order conditions for Pareto optimality is provided. Classical treatments apparently neglect an important term related to migrant compensation, and thus are incorrect. A Pareto optimum is shown to exist.

Original language	English
Pages (from-to)	43-63
Number of pages	21
Journal	Journal of Public Economic Theory
Volume	6
Issue number	1
DOIs	https://doi.org/10.1111/j.1467-9779.2004.00156.x
State	Published - 2004

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10.1111/j.1467-9779.2004.00156.x

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Efficient allocations in club economies

Abstract

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