The second-order dilemma of public goods and capital accumulation
The second-order dilemma of public goods arises from individuals' incentive to free ride on a mechanism to solve the provision problem (first-order dilemma) of public goods. Without relying on social and behavioral arguments, we show by a voluntary participation game that the accumulation of public goods can mitigate the second-order dilemma in the long run. The analysis also shows that population decrease damages the accumulation of public goods.
(This abstract was borrowed from another version of this item.)
Volume (Year): 135 (2008)
Issue (Month): 3 (June)
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References listed on IDEAS
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"Participation and the provision of discrete public goods: a strategic analysis,"
Journal of Public Economics,
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