Ambiguity and Public Good Provision in Large Societies

In this paper we consider the effect of ambiguity on the private provision of public goods. Equilibrium is shown to exist and be unique. We examine how provision of the public good changes as the size of the population increases. We show that when there is uncertainty there may be less free-riding in large societies.

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Year of publication:	2004-11-30
Authors:	Bailey, Ralph W. ; Eichberger, Jürgen ; Kelsey, David
Institutions:	Sonderforschungsbereich 504 "Rationalitätskonzepte, Entscheidungsverhalten und ökonomische Modellierung", Abteilung für Volkswirtschaftslehre ; Sonderforschungsbereich 504, University of Mannheim

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Series:	Sonderforschungsbereich 504 Publications.
Type of publication:	Book / Working Paper
Notes:	For comments and discussion we would like to thank John Conley and participants in the Public Economic The text is part of a series sfbmaa Number 04-54 21 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005761171