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Efficient egalitarian-equivalence and the core of an economy with public projects. (English) Zbl 0914.90035

Summary: We prove the existence of efficient egalitarian-equivalent allocations in an economy with a finite number of private goods and one abstract public project that can be executed by certain coalitions of economic agents. Efficient egalitarian-equivalent allocations, however, may not be in the core.

MSC:

91B50 General equilibrium theory
91B18 Public goods
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