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Shared Consumption: A Technological Analysis

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  • John A. Weymark

    () (Department of Economics, Vanderbilt University)

Abstract

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.

Suggested Citation

  • John A. Weymark, 2003. "Shared Consumption: A Technological Analysis," Vanderbilt University Department of Economics Working Papers 0301, Vanderbilt University Department of Economics, revised Jul 2003.
  • Handle: RePEc:van:wpaper:0301
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    References listed on IDEAS

    as
    1. Mohring, Herbert & Boyd, J Hayden, 1971. "Analysing 'Externalities': 'Direct Interaction' vs 'Asset Utilization' Frameworks," Economica, London School of Economics and Political Science, vol. 38(152), pages 347-361, November.
    2. Albert Breton, 1974. "The economic theory of representative government: A reply," Public Choice, Springer, vol. 20(1), pages 129-133, December.
    3. Oakland, William H., 1972. "Congestion, public goods and welfare," Journal of Public Economics, Elsevier, vol. 1(3-4), pages 339-357, November.
    4. Cornes,Richard & Sandler,Todd, 1996. "The Theory of Externalities, Public Goods, and Club Goods," Cambridge Books, Cambridge University Press, number 9780521477185.
    5. Holtermann, S E, 1972. "Externalities and Public Goods," Economica, London School of Economics and Political Science, vol. 39(153), pages 78-87, February.
    6. Agnar Sandmo, 1973. "Public Goods and the Technology of Consumption," Review of Economic Studies, Oxford University Press, vol. 40(4), pages 517-528.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Impure public goods; shared goods; Pareto optimality;

    JEL classification:

    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods

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