Public goods and optimal paternalism under present-biased preferences

This paper concerns the provision of a state-variable public good in a two-type model under present-biased consumer preferences. The preference for immediate gratification facing the high-ability type weakens the incentive to adjust public provision in response to the self-selection constraint.

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Year of publication:	2011
Authors:	Aronsson, Thomas ; Granlund, David
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 113.2011, 1, p. 54-57
Publisher:	Elsevier
Keywords:	Public goods Quasi-hyperbolic discounting Redistribution Asymmetric information

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

Persistent link: https://www.econbiz.de/10009275175