Bierbrauer, Felix; Winkelmann, Justus - 2018
We study the provision of public goods. Different public goods can be bundled provided there is enough capacity, i ….e. resources to pay for all the public goods in the bundle. The analysis focuses on the all-or-nothing-mechanism: Expand provision …-or-nothing-mechanism is ex ante welfare-maximizing - even though, ex post, it involves an overprovision of public goods. …