Sequential contributions to public goods: on the structure of the equilibrium set

This note clarifies two issues in the context of Varian's (1994) model of sequential contributions to a public good. First, it is shown that private provision of a public good is not necessarily neutral with respect to income transfers when agents move sequentially rather than simultaneously. Secondly, we discuss uniqueness of equilibrium in the sequential set-up.

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Year of publication:	2001
Authors:	Puppe, Clemens ; Kerschbamer, Rudolf
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 8.2001, 3, p. 1-7
Publisher:	AccessEcon

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	H4 - Publicly Provided Goods
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005190039