On the Private Provision of Two or More Public Goods
We extend the simple model of voluntary public good provision to allow for two or more public goods, and explore the new possibilities that arise in this setting. We show that, when there are many public goods, voluntary contribution equilibrium typically generates, not only too low a level of public good provision, but also the wrong mix of public goods. We also analyze the neutrality property in the more general setting, and extend a neutrality proposition of <link rid="b1">Bergstrom, Blume, and Varian (1986)</link>. Copyright © 2010 Wiley Periodicals, Inc..
Year of publication: |
2010
|
---|---|
Authors: | CORNES, RICHARD ; ITAYA, JUN-ICHI |
Published in: |
Journal of Public Economic Theory. - Association for Public Economic Theory - APET, ISSN 1097-3923. - Vol. 12.2010, 2, p. 363-385
|
Publisher: |
Association for Public Economic Theory - APET |
Saved in:
Saved in favorites
Similar items by person
-
MODELS WITH TWO OR MORE PUBLIC GOODS
Cornes, Richard, (2003)
-
Alternative Objectives in an Oligopoly Model: An Aggregative Game Approach
Cornes, Richard, (2016)
-
Private provision of public goods between families
Cornes, Richard, (2012)
- More ...