Non-cooperative Behavior and Efficient Provision of Public Goods
The authors show that, on the basis of a noncooperative equilibrium whereby pure public goods are financed by voluntary private contributions, a centralized agency may induce an efficient solution by an appropriate choice of subsidy on the individuals' contributions. They also show that a noncooperative equilibrium with positive contributions is efficient if, and only if, the individual per unit subsidies sum to n - 1, where n is the number of individuals. They finally establish a correspondence between noncooperative and Lindahl equilibria.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 44 (1989)
Issue (Month): 1 ()
|Contact details of provider:|