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Bergstrom, Blume, and Varian: Voluntary contributions and neutrality
Author(s) -
Faias Marta,
MorenoGarcía Emma,
Myles Gareth D.
Publication year - 2020
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/jpet.12408
Subject(s) - neutrality , economics , redistribution (election) , public economics , redistribution of income and wealth , public good , microeconomics , political science , law , politics
Bergstrom, Blume, and Varian provided a neutrality result for the private provision of public goods that has inspired a considerable literature. The result has significant implications for income redistribution and broader policy interventions. This paper reviews the basic result and its applications, and discusses extensions to general private provision economies.