The Library
On the provision of excludable public goods
Tools
Tools
Tools
UNSPECIFIED (1996) On the provision of excludable public goods. JOURNAL OF PUBLIC ECONOMICS, 60 (1). pp. 111-130. ISSN 0047-2727
Full text not available from this repository.Abstract
Self-selecting households consume an excludable public good via enabling expenditures-e.g. on TVs and licence fees for broadcasting. We characterise voluntary consumers at an arbitrary all-or-nothing price, and the optimal price a revenue-constrained welfare-maximiser facing voluntary consumers chooses. These are compared with those from universal provision of the public good via a uniform tax. We show that, inter alia, demand for the good might increase with price; self-selection will produce under-provision. Numerical welfare comparisons show that either mandatory or voluntary participation can be superior, depending on society's income dispersion and inequality aversion.
| Item Type: | Journal Article |
|---|---|
| Subjects: | H Social Sciences > HC Economic History and Conditions |
| Journal or Publication Title: | JOURNAL OF PUBLIC ECONOMICS |
| Publisher: | ELSEVIER SCIENCE SA LAUSANNE |
| ISSN: | 0047-2727 |
| Date: | April 1996 |
| Volume: | 60 |
| Number: | 1 |
| Number of Pages: | 20 |
| Page Range: | pp. 111-130 |
| Publication Status: | Published |
| URI: | http://wrap.warwick.ac.uk/id/eprint/18827 |
Data sourced from Thomson Reuters' Web of Knowledge
Actions (login required)
 |
View Item |
