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Optimal Provision of Multiple Excludable Public Goods Author info | Abstract | Publisher info | Download info | Related research | Statistics Hanming Fang (Cowles Foundation, Yale University )
Peter Norman (University of British Columbia)
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This paper studies the optimal provision mechanism for multiple excludable public goods when agents' valuations are private information. For a parametric class of problems with binary valuations, we characterize the optimal mechanism, and show that it involves bundling. Bundling alleviates the free riding problem in large economies in two ways: first, it can increase the asymptotic provision probability of socially efficient public goods from zero to one; second, it decreases the extent of use exclusions.
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Paper provided by Cowles Foundation, Yale University in its series Cowles Foundation Discussion Papers with number
1441R.
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Length: 44 pages
Date of creation: Oct 2003Date of revision:
Apr 2006Handle: RePEc:cwl:cwldpp:1441rContact details of provider: Postal: Yale University, Box 208281, New Haven, CT 06520-8281 USA Phone: (203) 432-3702 Fax: (203) 432-6167 Web page: http://cowles.econ.yale.edu/ More information through EDIRC
Order Information: Postal: Cowles Foundation, Yale University, Box 208281, New Haven, CT 06520-8281 USA
For technical questions regarding this item, or to correct its listing, contact: (Glena Ames).
Keywords: Public Goods Provision ; Bundling ; Exclusion ; Other versions of this item:
Find related papers by JEL classification: H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
This paper has been announced in the following NEP Reports :
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Fang, Hanming & Norman, Peter, 2004.
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Cremer, Jacques & McLean, Richard P, 1988.
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repec:att:wimass:1920319 is not listed on IDEAS
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Mailath, George J & Postlewaite, Andrew, 1990.
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Hellwig, Martin, 2003.
"A Utilitarian Approach to the Provision and Pricing of Excludable Public Goods ,"
Sonderforschungsbereich 504 Publications
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Other versions: Martin F. Hellwig, 2003.
"Public-Good Provision with Many Participants ,"
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Tilman Börgers & Peter Norman, 2005.
"A Note on Budget Balance under Interim Participation Constraints: The Case of Independent Types ,"
Levine's Bibliography
784828000000000171, UCLA Department of Economics.
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Other versions:
Tilman Börgers & Peter Norman, 2005.
"A Note on Budget Balance under Interim Participation Constraints: The Case of Independet Types ,"
Working Paper Series of the Max Planck Institute for Research on Collective Goods
2005_14, Max Planck Institute for Research on Collective Goods.
[Downloadable!] Borgers, Tilman & Norman, Peter, 2005.
"A Note on Budget Balance under Interim Participation Constraints: The Case of Independent Types ,"
Micro Theory Working Papers
norman-05-02-08-08-39-42, Microeconomics.ca Website, revised 23 Jun 2005.
[Downloadable!] Tilman Borgers & Peter Norman, 2005.
"A Note on Budget Balance under Interim Participation Constraints: The Case of Independent Types ,"
Levine's Bibliography
784828000000000147, UCLA Department of Economics.
[Downloadable!] Yannis Bakos & Erik Brynjolfsson, 1997.
"Bundling Information Goods: Pricing, Profits and Efficiency ,"
Working Paper Series
199, MIT Center for Coordination Science.
[Downloadable!]
repec:att:wimass:1920015 is not listed on IDEAS
Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Grüner, Hans Peter, 2008.
"Public goods, participation constraints, and democracy: A possibility theorem ,"
CEPR Discussion Papers
7066, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted)
Behringer, Stefan, 2008.
"The Provision of a Public Good with a direct Provision Technology and a Large Number of Agents ,"
MPRA Paper
11796, University Library of Munich, Germany.
[Downloadable!]
Other versions: Hanming Fang & Peter Norman, 2008.
"Toward an Efficiency Rationale for the Public Provision of Private Goods ,"
NBER Working Papers
13827, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Christoph Engel, 2007.
"Competition in a Pure World of Internet Telephony ,"
Working Paper Series of the Max Planck Institute for Research on Collective Goods
2007_1, Max Planck Institute for Research on Collective Goods.
[Downloadable!]
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