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Envy-free and efficient allocations in large public good economies. (English) Zbl 0747.90017

Summary: In an economy with private and public goods and a continuum of agents, we show that every envy-free and efficient allocation is generated by a public competitive equilibrium from equal endowments (not a Lindahl equilibrium from equal endowments).

MSC:

91B50 General equilibrium theory
91B18 Public goods
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References:

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