Ambiguity and Public Good Provision in Large Societies
In this paper we consider the effect of ambiguity on the private provision of public goods. Equilibrium is shown to exist and be unique. We examine how provision of the public good changes as the size of the population increases. We show that when there is uncertainty there may be less free-riding in large societies.
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|Date of creation:||30 Nov 2004|
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|Note:||For comments and discussion we would like to thank John Conley and participants in the Public Economic|
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