What is the equilibrium and ancient allocation

Reference no: EM131204490

Assume that there are three types of consumer with preferences

There is an equal number of each type and all consumers have the same income level. If there are two jurisdictions that levy a tax and provide the public good, what is the equilibrium allocation? What is the ancient allocation?

Reference no: EM131204490

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What is the equilibrium and ancient allocation : There is an equal number of each type and all consumers have the same income level. If there are two jurisdictions that levy a tax and provide the public good, what is the equilibrium allocation? What is the ancient allocation?

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