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This paper surveys what can be learned from recent advances in the incomplete contract literature to understand how public goods are or should be provided. The paper starts with a section on the full information case that presents and discusses the classical Samuelson condition on the optimal...
Persistent link: https://www.econbiz.de/10012747610
Persistent link: https://www.econbiz.de/10007643605
This paper surveys what can be learned from recent advances in the incomplete contract literature to understand how public goods are or should be provided. The paper starts with a section on the full information case that presents and discusses the classical Samuelson condition on the optimal...
Persistent link: https://www.econbiz.de/10014066335