Collective Choice in Dynamic Public Good Provision
نویسندگان
چکیده
منابع مشابه
Collective Choice in Dynamic Public Good Provision ∗
Two heterogeneous agents contribute over time to a joint project, and collectively decide its scope. A larger scope requires greater cumulative effort and delivers higher benefits upon completion. We show that the efficient agent prefers a smaller scope, and preferences are time-inconsistent: as the project progresses, the efficient (inefficient) agent’s preferred scope shrinks (expands). We ch...
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When individuals with the same preferences but different gross wages and non-labor incomes allocate time to leisure and labor and contribute to a pure public good, the order of contributors' utilities is a perfect inversion of the order of their gross wages. The same applies to contributors' net and gross wages when contributions are financed by income from labor. There are consequences regardi...
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ژورنال
عنوان ژورنال: American Economic Journal: Microeconomics
سال: 2019
ISSN: 1945-7669,1945-7685
DOI: 10.1257/mic.20170217