منابع مشابه
Public Goods
We require an economic system to cater to individual wants to the maximum possible extent expressed formally by means of an efficiency condition. Because the set of efficient outcomes is a function of individual preferences, a successful system must elicit information about those preferences. That desideratum, along with the fact that the information disclosed by an individual will be dictated ...
متن کاملTheory of Public Goods
The nonrivalrous property holds when use of a unit of the good by one consumer does not preclude or diminish the benefit from another consumer using the same unit of the good. Thus there is jointness in consumption of the good— one unit of the good produced generates multiple units of consumption. Nonrivalrous implies that the opportunity cost of the marginal user is zero. Some classic examples...
متن کاملPublic Health and Public Goods
It has become increasingly difficult to distinguish public health (and public health ethics) from tangentially related fields like social work. I argue that we should reclaim the more traditional conception of public health as the provision of health-related public goods. The public goods account has the advantage of establishing a relatively clear and distinctive mission for public health. It ...
متن کاملThe Virtues of Common Ownership
INTRODUCTION ............................................................................................. 1359 I. SANDEL’S THEORY OF JUSTICE: A “THICK REPUBLICANISM” ........... 1361 II. COMMON OWNERSHIP: LIBERAL AUTONOMY OR SUBSTANTIVE VALUES?............................................................................................ 1363 III. A NEW APPROACH TO THE COMMONS: RESOURCES, VALUES,...
متن کاملPublic Goods Games
Centralized sanctioning institutions are of utmost importance for overcoming free-riding tendencies and enforcing outcomes that maximize group welfare in social dilemma situations. However, little is known about how such institutions come into existence. In this paper we investigate, both theoretically and experimentally, the endogenous formation of institutions in a public goods game. Our theo...
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ژورنال
عنوان ژورنال: Journal of Economic Behavior & Organization
سال: 2020
ISSN: 0167-2681
DOI: 10.1016/j.jebo.2020.10.002