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. Copyright 2005 Blackwell Publishing Inc..

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Year of publication:	2005
Authors:	BAILEY, RALPH W. ; EICHBERGER, JÜRGEN ; KELSEY, DAVID
Published in:	Journal of Public Economic Theory. - Association for Public Economic Theory - APET, ISSN 1097-3923. - Vol. 7.2005, 5, p. 741-759
Publisher:	Association for Public Economic Theory - APET

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005215786