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Collective Choice and Voluntary Provision of Public Goods

Epple, Dennis - 2000

Some public goods are provided entirely with private contributions, others with a mixture of public and private funding, and still others are entirely publicly funded. To explain this variation, a model of dual provision is developed that endogenizes public and private funding. Members of the...

Persistent link: https://www.econbiz.de/10012470948

Market Provision of Public Goods : The Case of Broadcasting

Anderson, Simon P. - 2000

This paper studies the market provision of a specific type of public good: radio and television broadcasts. Its main focus is to explore the ability of the market to provide broadcasting efficiently in a world in which broadcasters earn revenues by selling time to advertisers and advertisements...

Persistent link: https://www.econbiz.de/10012471263

Educational Production

Lazear, Edward P. - 1999

The literature on class size yields a number of findings. First, class size effects are difficult to find except when using data where class size variations are truly exogenous. Second, Catholic schools have large classes and better performance. Third, to the extent that class size matters, it...

Persistent link: https://www.econbiz.de/10012471435

Democratization, Elite Capture and Economic Development

Foster, Andrew D.; Rosenzweig, Mark Richard - National Bureau of Economic Research - 2022

We show using a theoretical framework that embeds a voting model in a general-equilibrium model of a rural economy with two interest groups defined by land ownership that the effects of democratization--a shift from control of public resources by the landed elite to a democratic regime with...

Persistent link: https://www.econbiz.de/10012938766

Science as a Public Good : Public Use and Funding of Science

Yin, Yian; Dong, Yuxiao; Wang, Kuansan; Wang, Dashun; … - National Bureau of Economic Research - 2021

Knowledge of how science is consumed in public domains is essential for a deeper understanding of the role of science in human society. While science is heavily supported by public funding, common depictions suggest that scientific research remains an isolated or 'ivory tower' activity, with...

Persistent link: https://www.econbiz.de/10012510627

Empathy and the Efficient Provision of Public Goods

Heal, Geoffrey - National Bureau of Economic Research - 2021

I consider the effect of empathy towards others on the internalization of interpersonal externalities and on private contributions to the provision of public goods. I show that if preferences are empathetic in the sense of depending on the well-being of others, then in an extreme case external...

Persistent link: https://www.econbiz.de/10012629475

The Heterogeneous Value of a Statistical Life : Evidence from U.S. Army Reenlistment Decisions

Greenberg, Kyle; Greenstone, Michael; Ryan, Stephen; … - National Bureau of Economic Research - 2021

This paper estimates the value of a statistical life (VSL), or the willingness to trade-off wealth and mortality risk … approach and significant variation in retention bonuses and mortality risk, we recover average VSL estimates that range between … Rosen's (1974) vision to recover indifference curves between wealth and non-market goods (e.g., mortality risk) and document …

Persistent link: https://www.econbiz.de/10012599394

Interdependent Preferences and the Mitigation of Market Failure

Heal, Geoffrey - National Bureau of Economic Research - 2022

I consider the effect of caring, empathy, altruism or positive reciprocity towards others - which I collectively call positive preference interdependence (PPI) - on the internalization of interpersonal externalities and on the level of private contributions to the provision of public goods. I...

Persistent link: https://www.econbiz.de/10013191062

A Pigovian Rule for the Optimum Provision of Public Goods

King, Mervyn A. - 1985

The integrated treatant of optimal taxation and public expenditure presented here is based on the dual relationship between the prices of private goods and the quantities of public goods. In this paper we derive analogues of Roy's identity and the Slutsky equation for the case of public goods....

Persistent link: https://www.econbiz.de/10012477399

Public Goods in Open Economies with Heterogeneous Individuals

Stiglitz, Joseph E. - 1981

This paper formulates a simple model of "perfect community competition." It is shown that (1) the equilibrium is Pareto optimal; (2) communities will, in general, be heterogeneous; not all individuals will have the same tastes; but (3) all individuals of a given skill within the community will...

Persistent link: https://www.econbiz.de/10012478311

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