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