Dynamic Provision of Public Goods as Environmental Externalities
This paper investigates dynamic properties of environmental externalities with a framework of voluntary provision of a public good by analyzing the intimate duration dynamic game. We compare the first best solution, the open-loop solution under enforceable commitments, and the closed-loop solution without commitment. We explore the free riding problem and consider the normative role of Pigovian consumption taxes to internalize the free riding problem. We also investigate the adjustment speeds of environmental quality under alternative solutions and examine the impact of Pigovian consumption taxes on the adjustment speed.
|Date of creation:||Feb 1997|
|Contact details of provider:|| Postal: Hongo 7-3-1, Bunkyo-ku, Tokyo 113-0033|
Web page: http://www.cirje.e.u-tokyo.ac.jp/index.html
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:tky:fseres:97f09. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (CIRJE administrative office)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.