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This paper discusses Judge Guido Calabresi's use of the concept of merit goods in his book The Future of Law and Economics (2016). It addresses the following questions: (1) What does Calabresi's conceptualisation of merit good share with the main lines of arguments in the literature for...
Persistent link: https://www.econbiz.de/10012870130
In his Theory of Public Finance (1959), Musgrave invented the concept of merit wants to describe public wants that are …
Persistent link: https://www.econbiz.de/10012991871
This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic … analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent … voluntary redistribution of income or wealth. The theory concentrates on lump-sum voluntary transfers, individual or collective …
Persistent link: https://www.econbiz.de/10014023678
sufficient conditions for the existence of competitive equilibria with endogenous household formation and public choice. …
Persistent link: https://www.econbiz.de/10010399075
We examine whether and how democratic procedures can achieve socially desirable public good provision in the presence of profound uncertainty about the benefits of public goods, i.e., when citizens are able to identify the distribution of benefits only if they aggregate their private...
Persistent link: https://www.econbiz.de/10011444451
Empirical evidence suggests that charitable contributions to public goods may be driven not only by the familiar warm-glow of giving motive but also as a means for businesses to signal high product quality. Building on this finding, we present an analytical framework that characterizes the...
Persistent link: https://www.econbiz.de/10011541311
We examine the role of CSR as a mechanism for private provision of public goods. We argue that corporations are using CSR to signal high product quality and demonstrate that signaling gives rise to an excessive level of contributions that offsets the positive externality, which causes the...
Persistent link: https://www.econbiz.de/10010404406
Empirical evidence suggests that charitable contributions to public goods by businesses may be driven not only by the familiar warm-glow of giving motive but also as a means for businesses to signal high product quality. Building on this finding, we present an analytical framework that...
Persistent link: https://www.econbiz.de/10012103589
Value estimates for environmental goods can be obtained by either estimating preference parameters as revealed through behavior related to some aspect of the amenity or using stated information concerning preferences for the good. In the environmental economics literature the stated preference...
Persistent link: https://www.econbiz.de/10014023922
Using rural household survey data from West Bengal, we find that voters respond positively to excludable government …
Persistent link: https://www.econbiz.de/10015053869