학술저널
Three Solutions to a Simple Commons Problem
- 서울대학교 경제연구소
- Seoul Journal of Economics
- Seoul Journal of Economics Volume 14 No.3
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2001.09245 - 267 (22 pages)
- 0
커버이미지 없음
We compare the equity and incentive properties of three efficient solutions to a simple problem of cooperative production with binary demands for a homogeneous service, when marginal cost is either monotonically increasing or monotonically decreasing. The solutions are the familiar competitive equilibrium with equal incomes, the Shapley value of the stand alone cooperative game, and the virtual price solution, applying the egalitarian equivalence idea to this particular model.
Abstract
Ⅰ. Introduction
Ⅱ. The Model
Ⅲ. Increasing Marginal Costs
Ⅳ. Decreasing Marginal Costs
Ⅴ. Conclusion
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