Shitovitz and Spiegel (1998) demonstrated that in pure public good economies, for some consumers the Lindahl consumption bundles can be inferior (utility-wise) to their Cournot-Nash allocation. In this paper, we prove that in any finite pure public good economy there exists a core allocation...

This paper analyzes the voluntary provision of the pure public good in a sequence of finite economies. The boundedness of this provision is established under very weak conditions. The Cournot-Nash provision of the public good is bounded. In contrast, the Lindahl provision is unbounded but the...

This paper studies the provision of a public good via voluntary contributions in an economy with uncertainty and differential information. Consumers differ in their private information regarding their future endowment as well as in their preferences. Each consumer selects her consumption ex...