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This study extends traditional analyses of the voluntary provision of public goods to take account of the behaviour of competitive charities who are able to use advertising expenditures to market themselves to donors and thereby potentially increase donation revenues.
Persistent link: https://www.econbiz.de/10005368919
This study extends traditional analyses of the voluntary provision of public goods to take account of the behaviour of competitive charities who are able to use advertising expenditures to market themselves to donors and thereby potentially increase donation revenues.
Persistent link: https://www.econbiz.de/10005776053
In two related papers, Kanedo (1977, 1977a) has proved an equibalence theorem relating the set of ratio equilibria of a public goods economy to the core of a strong voting game. This paper extends in two ways Kaneko's analysis to economies with jurisdictions, each producing a spedific public good.
Persistent link: https://www.econbiz.de/10005634039
In this paper we investigate the welfare effect of capital income taxation in a standard one commodity general equilibrium model with incomplete markets (GEI) and production. We consider a competitive economy of two periods with uncertainty over a finite number S of possible states of nature...
Persistent link: https://www.econbiz.de/10005634066
The problem of financing a set of public goods (facilities, projects) by private contributions is studied. The corresponding cooperative game, the realization game, is shown to be convex. For the noncooperative setting we study a realization scheme that induces a strategic game. This...
Persistent link: https://www.econbiz.de/10005618590
The purpose of this paper is to provide reasonable microfoundation to justify the concept of a conjectural valuations equilibrium which is often used in the literature on the private provision of public goods by incorporating an explicit dynamic process of learning with the help of the...
Persistent link: https://www.econbiz.de/10005671724