Intuition – Everyone in society can freely use a public good, so all must share the same quantity. We find the amount by looking at how much each.
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Duration: 39:25
Posted: Apr 9, 2023
Posted: Apr 9, 2023
This paper presents a general equilibrium model in which private commodities are allocated through competitive markets and public commodities according to ...
Abstract. There currently exist two competing approaches in the literature on the optimal provision of public goods. The standard approach highlights the ...
When a public good is privately provided in a Nash–Cournot equilibrium it is optimally supplied if consumers pay Lindahl prices for their private contributions.
The standard approach to the optimal provision of public goods highlights the importance of distortionary taxation and distributional concerns.
Article Information; Comments (0). Abstract. This paper studies the optimal provision mechanism for multiple excludable public goods.
Duration: 35:12
Posted: May 5, 2020
Posted: May 5, 2020
This is a combination of two goods that provides you a given utility at the lowest possible budget. You can also think of it as a combination that gives you the ...
