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In a public good economy the distribution of initial income is an important determinant of how many individuals contribute to the public good in Cournot-Nash equilibrium. In this paper, first a simple formula is derived that provides a measure for the size of the set of income distributions...
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In this paper, we provide a new perspective on the links between the analysis of the voluntary provision of pure and impure public goods. In particular, it is shown that the impure public good model can be transformed into a pure public good one. This innovative method not only leads to new...
Persistent link: https://www.econbiz.de/10014504050
In small groups, norm enforcement is achieved through mutual punishment and reward. In large societies, norms are enforced by specialists such as government officials. However, not every public cause is overseen by states, for instance those organized at the international level. This paper shows...
Persistent link: https://www.econbiz.de/10011148296