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Utility function, group size, and the aggregate provision of a pure public good

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  • Koji Okuguchi

Abstract

First, we derive and interpret global stability conditions for the Cournot equilibrium in the McGuire model of aggregate provision of a pure public good under Cournot behavior, assuming that persons in a community have heterogeneous, general utility functions. Second, we show that under a reasonable assumption on utility functions, the aggregate provision of the public good increases unambiguously with the increase in the number of persons if the increase is as Section 3 stipulates. Copyright Martinus Nijhoff Publishers 1984

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  • Koji Okuguchi, 1984. "Utility function, group size, and the aggregate provision of a pure public good," Public Choice, Springer, vol. 42(3), pages 247-255, January.
    • Handle: RePEc:kap:pubcho:v:42:y:1984:i:3:p:247-255
    DOI: 10.1007/BF00124944
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    References listed on IDEAS

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    1. Martin McGuire, 1974. "Group size, group homo-geneity, and the aggregate provision of a pure public good under cournot behavior," Public Choice, Springer, vol. 18(1), pages 107-126, June.
    2. Ralph Frasca, 1980. "The provision of a public good under Cournot behavior: Stability conditions," Public Choice, Springer, vol. 35(4), pages 493-501, January.
    3. Koji Okuguchi, 1976. "Natural equilibrium in the bush-mayer model of anarchy: A dynamic analysis," Public Choice, Springer, vol. 26(1), pages 129-134, June.
    4. Koji Okuguchi, 1973. "Quasi-Competitiveness and Cournot Oligopoly," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 40(1), pages 145-148.
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    Cited by:

    1. Takeshi Yamazaki, 2016. "On the Works of Professor Koji Okuguchi," Springer Series in Game Theory, in: Pierre von Mouche & Federico Quartieri (ed.), Equilibrium Theory for Cournot Oligopolies and Related Games, pages 7-13, Springer.

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