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Consider a simple public good economy, where x is the quantity public good and yi is the private good consumption of person i. There are
Consider a simple public good economy, where x is the quantity public good and yi is the private good consumption of person i. There are n people in the economy. The utility of person i is ui(x,yi) = vi(x) + yi where vi(.) is a concave function. Further assume that two units of public good can be produced with one unit of private good. Derive the Samuelson condition
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