Public Goods in Open Economies with Heterogeneous Individuals
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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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美国国家经济研究局创建时间:
1981-11-01



