Utility function, group size, and the aggregate provision of a pure public good
First, we derive and interpret global stability conditions for the Cournot equilibrium in the McGuire model of aggregate provision of a pure public good under Cournot behavior, assuming that persons in a community have heterogeneous, general utility functions. Second, we show that under a reasonable assumption on utility functions, the aggregate provision of the public good increases unambiguously with the increase in the number of persons if the increase is as Section 3 stipulates. Copyright Martinus Nijhoff Publishers 1984
Year of publication: |
1984
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Authors: | Okuguchi, Koji |
Published in: |
Public Choice. - Springer. - Vol. 42.1984, 3, p. 247-255
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Publisher: |
Springer |
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