Long, Ngo Van; Shimomura, Koji - Centre Interuniversitaire de Recherche en Analyse des … - 2006
We show that the famous neutrality result in the theory of public good contributions (Warr, Kemp, Bergstrom, Blume and Varian) depends crucially on the assumption that agents do not take into account the effect of their public good contribution decisions on the relative price of the private...