We propose a new approach to the normative analysis of public-good provision in a large economy. Our analysis is based on a mechanism design approach that involves a requirement of coalition-proofness, as well as a requirement of robustness, so that the mechanism must not depend on specific...

After several decades of academic research on the contingent valuation (CV) method a consistent behavioral explanation of 'hypothetical bias' is still lacking. Based on evidence from economics, economic psychology and the political sciences, I propose an explanation that is based on two simple...

This paper surveys a selection of the literature on the private provision of public goods using the Kolm triangle. (The Kolm triangle is the analogue of an Edgeworth box in an economy with a public good.) We provide simple geometrical proofs of various established results using this graphical...

The present study focuses on the methodological aspects of the Theory of patronized goods, modifications of two liberal principles of the Austrian school, incorporated into mainstream economic theory - "methodological subjectivism" and “methodological individualismâ€, as well as the...

Настоящее исследование посвящено методологическим аспектам Теории опекаемых благ, модификации двух либеральных принципов австрийской...