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We present a rigorous, yet elementary, demonstration of the existence of a unique Lindahl equilibrium under the assumptions that characterize the standard n-player public good model. Indeed, our approach, which exploits the aggregative structure of the public good model, lends itself to a...
Persistent link: https://www.econbiz.de/10010263982
In this paper we explore the relationship between an equitable distribution of the cost shares in public-good provision on the one hand and the core property of an allocation on the other. In particular we show that it is an inhomogeneous distribution of cost shares that motivates some coalition...
Persistent link: https://www.econbiz.de/10010270530
When providing public goods through voluntary contributions, a donor may introduce unilateral matching in order to reduce underprovision of the public good and thus inefficiency. By itself, however, matching benefits the donor but harms the recipient. We apply Cornes and Hartley's aggregative...
Persistent link: https://www.econbiz.de/10010398655
In a public good economy the distribution of initial income is an important determinant of how many individuals contribute to the public good. For the case when all individuals have identical preferences in this paper a simple formula is derived that describes the proportion of all income...
Persistent link: https://www.econbiz.de/10010315809
We present a rigorous, yet elementary, demonstration of the existence of a uniqueLindahl equilibrium under the assumptions that characterize the standard n-player public goodmodel. Indeed, our approach, which exploits the aggregative structure of the public goodmodel, lends itself to a...
Persistent link: https://www.econbiz.de/10005868659
Persistent link: https://www.econbiz.de/10003729142
Persistent link: https://www.econbiz.de/10003777312
Persistent link: https://www.econbiz.de/10003359129
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