The provision of collective goods through a social division of labour

Journal of Economic Behavior & Organization(2020)

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摘要
We develop a general equilibrium framework in which a wide range of collective economic configurations are provided through specialised professionals as part of an endogenously emerging social division of labour. We extend the theory of value to this setting bringing together a model of an economy with collective goods with the model of a private-goods market economy with an endogenously emerging social division of labour. Natural applications are the presence of non-tradables in production, the effects of education on productive abilities, and the market system itself as an implementation of the price mechanism.
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关键词
Social division of labour,Consumer-producer,Collective goods,Pareto optimality,Valuation equilibrium,The welfare theorems
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