01/09/1993
On the Existence and Efficiency of a Voting Equilibrium for a Public Good Economy
Lahiri Somdeb
Working Papers
The main purpose of this paper is to formalise the concept of a compromise function. Subsequently, given a compromise function, we define a voting equilibrium and prove the existence of such an equilibrium. Finally, we close our analysis by showing that under some assumptions a voting equilibrium is Pareto optimal.