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Chapter 5 The Economic Theory of Gift-Giving: Perfect Substitutability of Transfers and Redistribution of Wealth
Mercier Ythier, Jean - In: Handbook of the economics of giving, altruism and …, (pp. 227-369). 2006
voluntary redistribution of income or wealth. The theory concentrates on lump-sum voluntary transfers, individual or collective … transfers). It implies: (i) the Pareto-inefficiency of the non-cooperative interaction of individual altruistic transfers; (ii …) the neutralization of public transfers by individual altruistic transfers; (iii) and the crowding out of private …
Persistent link: https://www.econbiz.de/10014023678
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Coase Minus the Coase Theorem - Some Problems with Chicago Transaction Cost Analysis
Schlag, Pierre - 2013
In law as well as economics, the most well-known aspect of Coase's “The Problem of Social Cost,” is the Coase Theorem. Over the decades, that particular notion has morphed into a crucial component of Chicago law and economics — namely, transaction cost analysis. In this Article, I...
Persistent link: https://www.econbiz.de/10013076720
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Merit Goods
Cserne, Péter - 2018
public finance. He pointed out that certain goods such as free school lunches or subsidies to low cost housing did not have …
Persistent link: https://www.econbiz.de/10012928121
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A Network Approach to Public Goods
Elliott, Matthew - 2019
Suppose agents can exert costly effort that creates nonrival, heterogeneous benefits for each other. At each possible outcome, a weighted, directed network describing marginal externalities is defined. We show that Pareto efficient outcomes are those at which the largest eigenvalue of the...
Persistent link: https://www.econbiz.de/10012904900
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Socially responsible investment in general equilibrium
Beltratti, Andrea - 2003
Socially responsible investment in analyzed in a general equilibrium context. This is important in order to understand the ultimate consequences of SRI on the decisions of economic agents. Building on models by Brock (1982) and Merton (1987), SRI is modelled as the choice to voluntarily give up...
Persistent link: https://www.econbiz.de/10011592922
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Existence and Regularity of Equilibria in a General Equilibrium Model with Private Provision of a Public Good
Villanacci, Antonio; Zenginobuz, Ünal - 2006
We prove existence and generic regularity of equilibria in a general equilibrium model of a completely decentralized pure public good economy. Competitive firms using private goods as inputs produce the public good, which is privately provided by households. Previous studies on private provision...
Persistent link: https://www.econbiz.de/10014068959
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Why Public Goods are a Pedagogical Bad
Woolley, Frances - 2006
The concept of public goods is confusing because it confounds three analytically distinct concepts: excludability, rivalry, and public finance. Pure public goods are of limited relevance as an explanation of government spending. To make matters worse, the broader policy community uses the term...
Persistent link: https://www.econbiz.de/10012733454
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Public Transport in Delhi - Tragedy of the Commons, Again!
Kathuria, Nimit - 2009
WHAT IS the most immediate tool of empowerment you can provide a person? Ask an economist. Or ask a laborer who has been moved to the outskirts of the city as a part of the quot;big-progressive resettlement schemequot;. Or ask a student. The most likely answer you will get is:...
Persistent link: https://www.econbiz.de/10012718470
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The Gates Effect in public goods experiments : how donations flow to the recipients favored by the wealthy
Corazzini, Luca; Cotton, Christopher; Longo, Enrico; … - 2021
Experiments involving multiple public goods with contribution thresholds capture many features of charitable giving environments in which donors try to coordinate their contributions across various potential recipients. We present results from a laboratory experiment that introduces endowment...
Persistent link: https://www.econbiz.de/10013483606
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The Welfare Economics of Global Public Goods
Sandmo, Agnar - 2010
transfers. It is shown that the desirability of global production efficiency is closely linked to the existence of international … lump-sum transfers. Global public goods are considered both as consumption and production goods, and the theory is also …
Persistent link: https://www.econbiz.de/10014198131