TY - JOUR
T1 - On the private provision of two or more public goods
AU - Cornes, Richard
AU - Itaya, Jun Ichi
PY - 2010/4
Y1 - 2010/4
N2 - We extend the simple model of voluntary public good provision to allow for two or more public goods, and explore the new possibilities that arise in this setting. We show that, when there are many public goods, voluntary contribution equilibrium typically generates, not only too low a level of public good provision, but also the wrong mix of public goods. We also analyze the neutrality property in the more general setting, and extend a neutrality proposition of Bergstrom, Blume, and Varian (1986).
AB - We extend the simple model of voluntary public good provision to allow for two or more public goods, and explore the new possibilities that arise in this setting. We show that, when there are many public goods, voluntary contribution equilibrium typically generates, not only too low a level of public good provision, but also the wrong mix of public goods. We also analyze the neutrality property in the more general setting, and extend a neutrality proposition of Bergstrom, Blume, and Varian (1986).
UR - http://www.scopus.com/inward/record.url?scp=77955025073&partnerID=8YFLogxK
U2 - 10.1111/j.1467-9779.2009.01455.x
DO - 10.1111/j.1467-9779.2009.01455.x
M3 - Article
SN - 1467-9779
VL - 12
SP - 363
EP - 385
JO - Journal of Public Economic Theory
JF - Journal of Public Economic Theory
IS - 2
ER -