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The Asymptotic Voluntary Provision of the Pure Public Goods
Author(s) -
SHITOVITZ BENYAMIN,
SPIEGEL MENAHEM
Publication year - 2005
Publication title -
journal of public economic theory
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.809
H-Index - 32
eISSN - 1467-9779
pISSN - 1097-3923
DOI - 10.1111/j.1467-9779.2005.00245.x
Subject(s) - public good , economics , infinitesimal , bounded function , cournot competition , nash equilibrium , contrast (vision) , microeconomics , turnover , production (economics) , mathematical economics , public economics , mathematics , computer science , mathematical analysis , management , artificial intelligence
This paper analyzes the voluntary provision of the pure public good in a sequence of finite economies. The boundedness of this provision is established under very weak conditions. The Cournot–Nash provision of the public good is bounded. In contrast, the Lindahl provision is unbounded but the proportion of private good devoted to its production may be infinitesimal. Several examples are provided to relate this paper to the literature.