Core and Coalition - Power in a Public Good Economy


John Papanastasiou, Nicolas Dritsakis, Kostas Velentzas, Kostas Paparrizos




The paper represents a public good economy where any deviating coalition is allowed to impose any tax-system on nonmembers. This institutional environment shows that the core of the public good economy has been reduced though it may be empty. Furthermore, a new core concept is introduced in the paper and its existence and stability properties are examined. The overall conclusion is that there is a trade-off between existence and stability of the core allocations for these type of economies.