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Pareto Improving Interventions in a General Equilibrium Model with Private Provision of Public Goods

Villanacci, Antonio; Zenginobuz, Ünal - 2006

Most of the literature on government intervention in models of voluntary public goods supply focuses on interventions that increase the total level of a public good, which is considered to be typically underprovided. However, an intervention that is successful in increasing the public good level...

Persistent link: https://www.econbiz.de/10014055405

Pareto Improving Interventions in a General Equilibrium Model with Private Provision of Public Goods

Villanacci, Antonio; Zenginobuz, Ünal - 2005

Most of the literature on government intervention in models where public goods are provided through voluntary contributions focuses on interventions that change the total level of a public good, which is known to be (almost always) underprovided relative to the "efficient" level. However,...

Persistent link: https://www.econbiz.de/10014067875

Optimal Ownership of Public Goods Reconsidered

Schmitz, Patrick W. - 2019

Consider a non-governmental organization (NGO) that can invest in a public good. Should the government or the NGO own the public project? In an incomplete contracting framework with split-the-difference bargaining, Besley and Ghatak (2001) argue that the party who values the public good most...

Persistent link: https://www.econbiz.de/10012891763

Government Versus Private Ownership of Public Goods : The Role of Bargaining Frictions

Schmitz, Patrick W. - 2019

The government and a non-governmental organization (NGO) can invest in the provision of a public good. Who should be the owner of the public project? In an incomplete contracting model in which ex post negotiations are without frictions, the party that values the public good most should be the...

Persistent link: https://www.econbiz.de/10012891815

Neutral Public Good Mechanisms

Kim, Jin Yeub - 2020

In this paper, I characterize neutral mechanisms for the provision of a public good. I show that neutral mechanisms form a reasonable set of predictions for mechanism selection in public goods problems; such predictions are sufficiently sharp, robust to a perturbation of the information...

Persistent link: https://www.econbiz.de/10012847322

Optimal Ownership of Public Goods under Asymmetric Information

Schmitz, Patrick W. - 2021

Consider two parties who can make non-contractible investments in the provision of a public good. Who should own the physical assets needed to provide the public good? In the literature it has been argued that the party who values the public good most should be the owner, regardless of the...

Persistent link: https://www.econbiz.de/10013229169

Participation Constraints of Matching Mechanisms

Liu, Weifeng - 2019

Matching mechanisms have been proposed to improve public good provision in voluntary contributions. However, such … commitment. This paper examines participation constraints of matching mechanisms, and investigates the existence condition of … Pareto-improving outcomes of small matching schemes, and characterizes the condition of desirable matching schemes. Income …

Persistent link: https://www.econbiz.de/10012904675

The efficient provision of public goods through non-distortionary tax contests

Giebe, Thomas; Schweinzer, Paul - 2011

We use a simple balanced budget contest to collect taxes on a private good in order to finance a pure public good. We show that-with an appropriately chosen structure of winning probabilities-this contest can provide the public good efficiently and without distorting private consumption. We...

Persistent link: https://www.econbiz.de/10008936379

Bug-fixing and code-writing : the private provision of open source software

Bitzer, Jürgen; Schröder, Philipp J. H. - 2002

Open source software (OSS) is a public good. A self-interested individual would consider providing such software, if the benefits he gained from having it justified the cost of programming. Nevertheless each agent is tempted to free ride and wait for others to develop the software instead. This...

Persistent link: https://www.econbiz.de/10011436386

Transfers and exchange-stability in two-sided matching problems

Lazarova, Emiliya A.; Borm, Peter; Estévez-Fernández, … - 2014

In this paper we consider one-to-many matching problems where the preferences of the agents involved are represented by … matching to a matching of maximum total reward, one can always provide a compensation schedule that will be ex-post stable in … uses the fact that the core of an associated compensation matching game with constraints is nonempty. …

Persistent link: https://www.econbiz.de/10010373726