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Persistent link: https://www.econbiz.de/10001584756
using graph theory. This sufficient condition allows us to use the replacement function approach of Cornes and Hartley (2007 …
Persistent link: https://www.econbiz.de/10012915087
Traditional economic models of vaccination behavior simply assume that agents free-ride on the vaccination decisions of others. We provide three different models of private provision of a public good, such as a joint production model and a conjectural variation model, to explain how a positive...
Persistent link: https://www.econbiz.de/10012920121
We investigate how income inequality affects social welfare in a model of voluntary contributions to multiple pure public goods. Itaya, de Meza, and Myles (1997) show that the maximization of social welfare precludes income equality in a single pure public good model. In contrast, we show that...
Persistent link: https://www.econbiz.de/10012965708