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Infinite-Horizon Choice Functions
(Université de Montréal. Département de sciences économiques., 2006)
We analyze infinite-horizon choice functions within the setting of a simple linear technology. Time consistency and efficiency are characterized by stationary consumption and inheritance functions, as well as a transversality ...
Sharing the Cost of a Public Good: an Incentive-Constrained Axiomatic Approach
(Université de Montréal. Département de sciences économiques., 2006-07)
We study the problem of provision and cost-sharing of a public good in large economies where exclusion, complete or partial, is possible. We search for incentive-constrained efficient allocation rules that display fairness ...
Sharing the Cost of a Public Good without Subsidies
(Université de Montréal. Département de sciences économiques., 2006-07)
We study the construction of a social ordering function for the case of a public good financed by contributions from the population, and we extend the analysis of Maniquet and Sprumont (2004) to the case when contributions ...