Distributive Justice with Externalities and Public Goods

01/12/1991

Distributive Justice with Externalities and Public Goods

Lahiri Somdeb

Working Papers

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We analyze in this paper the distribution of a fixed amount of perfectly devisable private goods among a fixed number of agents and with a certain portion of the private goods allocated for the creation of public goods. Each agent's preferences exhibit a type of consumption externality made precise in the paper, and we focus our attention on the existence of efficient and egalitarian allocations of the goods.

IIMA