Generalized Samuelson conditions and welfare theorems for nonsmooth economies

Journal of Public Economics

Volumn 59, Issue 1, 1996, Pages 137-152

  Conley, John P ^a   Diamantaras, Dimitrios ^b  

^a UNIVERSITY OF ILLINOIS AT URBANA CHAMPAIGN   (United States)

^b TEMPLE UNIVERSITY   (United States)

Author keywords

Efficient allocations; Nonsmooth economies; Public goods; Samuelson conditions; Welfare theorems

Indexed keywords

EID: 0029685550     PISSN: 00472727     EISSN: None     Source Type: Journal    
DOI: 10.1016/0047-2727(94)01492-2     Document Type: Article

References (14)

1. Arrow, K., 1951, An extension of the basic theorems of classical welfare economics, in: J. Neyman, ed., Proceedings of the Second Berkeley Symposium on Mathematical Statistics and Probability (University of California Press, Berkeley) 507-532.
2. Campbell, D.E. and M. Truchon, 1988, Boundary optima and the theory of public goods supply, Journal of Public Economics 35, 241-249.
3. Conley, J.P., 1994, Convergence theorems on the core of a public goods economy: Sufficient conditions, Journal of Economic Theory 62, 161-185.
4. Debreu, G., 1959, The theory of value (Yale University Press).
5. Foley, D.K., 1970, Lindahl's solution and the core of an economy with public goods, Econometrica 38, No. 1, 66-72.
6. Khan, M.A. and R. Vohra, 1987, An extension of the second welfare theorem to economies with nonconvexities and public goods, Quarterly Journal of Economics CII, no. 2, 223-241.
7. Manning, J.R.A., 1993, Local public goods: A theory of the first best, Doctoral dissertation, University of Rochester.
8. Manning, J.R.A., 1994, Characterization of complete personalized prices, Economics Department, University of Pennsylvania, typescript.
9. Milleron, J.-C., 1972, Theory of value with public goods: a survey, Journal of Economic Theory 5, 419-477.
10. Rockafellar, R.T., 1970, Convex analysis (Princeton University Press).
11. Saijo, T., 1990, Boundary optima and the theory of public goods supply: A comment, Journal of Public Economics 42, 213-217.
12. Samuelson, P., 1954, The pure theory of public expenditure, Review of Economics and Statistics 36, 387-389.
13. Samuelson, P., 1955, Diagrammatic exposition of a theory of public expenditure, Review of Economics and Statistics 37, 350-356.
14. Takayama, A., 1985, Mathematical economics, 2nd edn. (Cambridge University Press).