Public Finance, 3rd Edition

G

General equilibrium analysis, 212–214, 212f–213f

General equilibrium analysis, decreasing cost in, 140–152, 141f

break-even production, 145–146, 145f

price–consumption locus, 145–146, 145f–146f

compensated demand curve, necessary condition and, 148–149

competitive markets, 142–143, 143f

easy case, 144, 144f

sufficient condition for, 145

hard case, 144–145, 144f

necessary condition for, 146–148, 147f–148f

Jorgenson–Slesnick expenditure shaves, 150

Marshallian consumer surplus, 150

optimal investment rules, 143–144

optimal pricing rule, 143, 143f

pareto-optimal conditions, 141–142, 142f

public goods, decreasing cost services and, 151–152, 151f

Roy’s identity, 150–151

General equilibrium loss measurement, analytics of, 214–215, 214f

General equilibrium model

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