Bierbrauer, Felix - Fondazione ENI Enrico Mattei (FEEM) - 2009
The literature on public goods has shown that efficient outcomes are impossible if participation constraints have to be … considerations justify that individuals are forced to pay for public goods that they do not value. It is shown that participation … constraints are desirable if public goods are provided by a malevolent Leviathan. By contrast, with a Pigouvian planner …