Shared Consumption: A Technological Analysis
James Buchanan (Economica, 1966) has argued that Alfred Marshall's theory of jointly-supplied goods can be extended to analyze the allocation of impure public goods. This article introduces a way of modelling sharing technologies for jointly-supplied goods that captures the essential features of Buchanan's proposal. Public and private goods are special cases of shared goods obtained by appropriately specifying the sharing technology. Necessary conditions for an allocation in a shared goods economy to be Pareto optimal are identified and related to the optimality conditions for public and private goods.
|Date of creation:||Feb 2003|
|Date of revision:||Jul 2003|
|Contact details of provider:|| Web page: http://www.vanderbilt.edu/econ/wparchive/index.html|
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.:
- Holtermann, S E, 1972. "Externalities and Public Goods," Economica, London School of Economics and Political Science, vol. 39(153), pages 78-87, February.
- repec:cup:cbooks:9780521477185 is not listed on IDEAS
- Sandmo, Agnar, 1973. "Public Goods and the Technology of Consumption," Review of Economic Studies, Wiley Blackwell, vol. 40(4), pages 517-28, October.
- Oakland, William H., 1987. "Theory of public goods," Handbook of Public Economics, in: A. J. Auerbach & M. Feldstein (ed.), Handbook of Public Economics, edition 1, volume 2, chapter 9, pages 485-535 Elsevier.
When requesting a correction, please mention this item's handle: RePEc:van:wpaper:0301. 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: (John P. Conley)
If references are entirely missing, you can add them using this form.