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This paper shows that public provision of private goods may be justified on pure efficiency grounds in an environment where individuals consume both public and private goods. The government's involvement in the provision of private goods provides it with information about individuals' private...
Persistent link: https://www.econbiz.de/10010856598
This paper asks whether statistical discrimination is a market failure. I consider the problem for a utilitarian social planner who operates in an environment that can generate statistical discrimination as an equilibrium phenomenon. It is found that there are potential efficiency gains from...
Persistent link: https://www.econbiz.de/10005242755
Constrained efficient provision of an excludable public good is studied in amodel where preferences are private information. The provision level isasymptotically deterministic, making it possible to approximate the optimalmechanism with a mechanism that provides a fixed quantity of the goodand...
Persistent link: https://www.econbiz.de/10005312721
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This paper studies the role of bundling in the efficient provision of excludable public goods. We show that bundling in the provision of unrelated public goods can enhance social welfare. With a large number of goods and agents, first best can be approximated with pure bundling. For a parametric...
Persistent link: https://www.econbiz.de/10005342210
This paper studies the role of bundling in the efficient provision of excludable public goods. We show that bundling in the provision of unrelated public goods can enhance social welfare. With a large number of goods and agents, first best can be approximated with pure bundling. For a parametric...
Persistent link: https://www.econbiz.de/10005087381
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the private good improves economic efficiency under a condition that is always fulfilled under stochastic independence and satisfied for an open set of joint distributions. Our model is an example where there is an efficiency loss from separating revenue and expenditure problems, and is...
Persistent link: https://www.econbiz.de/10010554936