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Public Goods and Optimal Paternalism under Present-Biased Preferences

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  • Aronsson, Thomas

    (Umeå University)

  • Granlund, David

    (The Swedish Retail Institute (HUI))

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    Abstract

    This paper deals with the optimal provision of a state-variable public good in a two-type model, when the consumers have present-biased preferences due to quasi-hyperbolic discounting. The results show that the preference for immediate gratification facing the (mimicking) high-ability type weakens the incentive to adjust the public provision in response to the self-selection constraint.

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    Bibliographic Info

    Paper provided by HUI Research in its series HUI Working Papers with number 38.

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    Length: 7 pages
    Date of creation: 01 Jun 2010
    Date of revision:
    Handle: RePEc:hhs:huiwps:0038

    Note: Public Goods; Quasi-Hyperbolic Discounting; Redistribution; Asymmetric Information
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    Related research

    Keywords: Public Goods; Quasi-Hyperbolic Discounting; Redistribution; Asymmetric Information;

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    References

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    1. O'Donoghue, Ted & Rabin, Matthew, 2006. "Optimal sin taxes," Journal of Public Economics, Elsevier, vol. 90(10-11), pages 1825-1849, November.
    2. Aronsson, Thomas & Johansson-Stenman, Olof, 2009. "Positional Concerns In An Olg Model: Optimal Labor And Capital Income Taxation," Working Papers in Economics 355, University of Gothenburg, Department of Economics.
    3. Ted O'Donoghue & Matthew Rabin, 2003. "Studying Optimal Paternalism, Illustrated by a Model of Sin Taxes," American Economic Review, American Economic Association, vol. 93(2), pages 186-191, May.
    4. Alexander L. Brown & Zhikang Eric Chua & Colin F. Camerer, 2009. "Learning and Visceral Temptation in Dynamic Saving Experiments-super-," The Quarterly Journal of Economics, MIT Press, vol. 124(1), pages 197-231, February.
    5. Aronsson, Thomas & Thunström, Linda, 2008. "A note on optimal paternalism and health capital subsidies," Economics Letters, Elsevier, vol. 101(3), pages 241-242, December.
    6. Ted O'Donoghue and Matthew Rabin ., 1997. "Doing It Now or Later," Economics Working Papers 97-253, University of California at Berkeley.
    7. Thaler, Richard, 1981. "Some empirical evidence on dynamic inconsistency," Economics Letters, Elsevier, vol. 8(3), pages 201-207.
    8. Pirttila, Jukka & Tuomala, Matti, 2001. "On optimal non-linear taxation and public good provision in an overlapping generations economy," Journal of Public Economics, Elsevier, vol. 79(3), pages 485-501, March.
    9. W. Viscusi & Joel Huber & Jason Bell, 2008. "Estimating discount rates for environmental quality from utility-based choice experiments," Journal of Risk and Uncertainty, Springer, vol. 37(2), pages 199-220, December.
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