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Private Provision of Public Goods and the Failure of the Neutrality Property in Large Finite Economies

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  • Fries, Timothy L
  • Golding, Edward
  • Romano, Richard E

Abstract

The pure public goods paradigm has been criticized because it implies the implausible result that, under certain assumptions, any (small) arbitrary income redistribution will have no effect on the allocation of resources. It is shown that this particular criticism is unwarranted because, for large enough economies, the assumptions necessary for this neutrality property will hold true for a negligible small subset of the parameter space. Copyright 1991 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.

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Bibliographic Info

Article provided by Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association in its journal International Economic Review.

Volume (Year): 32 (1991)
Issue (Month): 1 (February)
Pages: 147-57

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Handle: RePEc:ier:iecrev:v:32:y:1991:i:1:p:147-57

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Cited by:
  1. Fraser, Clive D., 1996. "On the provision of excludable public goods," Journal of Public Economics, Elsevier, vol. 60(1), pages 111-130, April.
  2. Gradstein, Mark, 1998. "Provision of public goods in a large economy," Economics Letters, Elsevier, vol. 61(2), pages 229-234, November.
  3. Gaube, Thomas, 2006. "Altruism and charitable giving in a fully replicated economy," Journal of Public Economics, Elsevier, vol. 90(8-9), pages 1649-1667, September.
  4. Huseyin Yildirim & Alvaro Name Correa, 2011. "A Theory of Charitable Fund-Raising with Costly Solicitations," Levine's Working Paper Archive 786969000000000222, David K. Levine.
  5. Dennis Epple & Richard Romano, 2000. "Collective Choice and Voluntary Provision of Public Goods," NBER Working Papers 7802, National Bureau of Economic Research, Inc.
  6. Thomas Gaube, 1999. "Group size and free riding when private and public goods are gross substitutes," Bonn Econ Discussion Papers bgse13_2000, University of Bonn, Germany, revised May 2000.
  7. Deffains, Bruno & Mercier Ythier, Jean, 2010. "Optimal production of transplant care services," Journal of Public Economics, Elsevier, vol. 94(9-10), pages 638-653, October.
  8. Konrad, Kai A., 1998. "Local public goods and central charities," Regional Science and Urban Economics, Elsevier, vol. 28(3), pages 345-362, May.
  9. Gaube, Thomas, 2001. "Group size and free riding when private and public goods are gross substitutes," Economics Letters, Elsevier, vol. 70(1), pages 127-132, January.
  10. Bruno Deffains & Jean Mercier Ythier, 2009. "Optimal production of transplant care services," Working Papers of BETA 2009-19, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
  11. Romano, Richard & Yildirim, Huseyin, 2001. "Why charities announce donations: a positive perspective," Journal of Public Economics, Elsevier, vol. 81(3), pages 423-447, September.

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