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On the provision of excludable public goods
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UNSPECIFIED (1996) On the provision of excludable public goods. JOURNAL OF PUBLIC ECONOMICS, 60 (1). pp. 111-130. ISSN 0047-2727.
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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 | ||||
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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 | ||||
Official Date: | April 1996 | ||||
Dates: |
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Volume: | 60 | ||||
Number: | 1 | ||||
Number of Pages: | 20 | ||||
Page Range: | pp. 111-130 | ||||
Publication Status: | Published |
Data sourced from Thomson Reuters' Web of Knowledge
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