Barla, P.; Pestieau, P. - Groupe de recherche en économie de l'énergie, de … - 2005
In this paper charity brings some joy of giving; it yields more contributions to public goods than standard "subscription", but its creation is costly. We compare the laissez-faire number of charities with both the second and the first-best level. In general, laissez-faire implies an...
