Econometrica Vol. 42 No. 4 1974
The Topology of Pareto-Optimal Regions with Public Goods
Abstract
[This analysis generalizes the concept of a private-goods contract curve to an economy with public goods. It provides a derivation of the properties of the set of Pareto-optimal points in n-space. The paper concentrates on situations where the taxation system for financing the public goods is externally imposed; the efficiency goal is thus "mechanism-constrained Pareto optimality." The results of the main analysis are applied to assess performance of several group decision procedures.]
- DOI
- 10.2307/1913935
- Volume
- 42
- Issue
- 4
- Pages
- 643
- Sources
- bibtex:phds-export.bib openalex crossref