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SCW
2012
IEEE
12 years 8 months ago
Index-number tests and the common-scaling social cost-of-living index
For a change in prices, the common-scaling social cost-of-living index is the equal scaling of each individual’s expenditure level needed to restore the level of social welfare ...
David I. Donaldson, Krishna Pendakur
SCW
2012
IEEE
12 years 8 months ago
Linear cost share equilibria and the veto power of the grand coalition
We consider pure exchange economies with finitely many private goods involving the choice of a public project. We discuss core-equivalence results in the general framework of non...
Maria Gabriella Graziano, Maria Romaniello