Table 4: Aggregate equilibrium and... | Emerald Publishing

Table 4:

Aggregate equilibrium and optimal appropriations — Benchmark.

	Equilibrium outcomes		Soc. optimal outcomes		Tax/subsidy
Stock, θ	$x_{i}^{} + q_{i}^{}$	$α_{i}^{*}$	$x_{i}^{S O} + q_{i}^{S O}$	$α^{S O_{2}}$	t
θ = 1/10	0.073	0.019	0.072	0.059	−0.662
θ = 3/10	0.218	0.060	0.195	0.313	−0.751
θ = 5/10	0.361	0.105	0.296	0.454	−0.673
θ = 7/10	0.502	0.154	0.377	0.553	−0.569
θ = 1	0.710	0.241	0.475	0.644	−0.384

	Equilibrium outcomes		Soc. optimal outcomes		Tax/subsidy
Stock, θ	$x_{i}^{} + q_{i}^{}$	$α_{i}^{*}$	$x_{i}^{S O} + q_{i}^{S O}$	$α^{S O_{2}}$	t
θ = 1/10	0.073	0.019	0.072	0.059	−0.662
θ = 3/10	0.218	0.060	0.195	0.313	−0.751
θ = 5/10	0.361	0.105	0.296	0.454	−0.673
θ = 7/10	0.502	0.154	0.377	0.553	−0.569
θ = 1	0.710	0.241	0.475	0.644	−0.384