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Public Goods in Open Economies with Heterogeneous Individuals

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NBER1981-11-01 更新2025-01-04 收录
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This paper formulates a simple model of "perfect community competition." It is shown that (1) the equilibrium is Pareto optimal; (2) communities will, in general, be heterogeneous; not all individuals will have the same tastes; but (3) all individuals of a given skill within the community will have

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1981-11-01
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