Private Investments, Public Goods: Regulating Markets for Sustainable Development

Green Markets and Private Provision of Public Goods

This paper develops a general model of private provision of a public good that includes the option to consume an impure public good. I use the model to investigate positive and normative consequences of “green markets.” Green markets give consumers a new choice: instead of simply consuming a private good and making a donation to an environmental public good, consumers can purchase an impure pub...

Public-Private Partnerships and Sustainable Agricultural Development

Agriculture in Africa is not sustainable because average yields have been stagnating for decades due to underinvestment, especially in the development of agricultural markets, crop improvement and the sustainable management of agricultural systems. Low public sector funding for agricultural research and lack of incentives for the private sector to operate in areas where there is no market large...

Public Supply of Private Goods

Public Provision of Private Goods

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Private provision of discrete public goods

We investigate the private provision of a discrete public good. When the size and decomposition of the group are certain, such a problem has, in general, multiple equilibria. Yet, if it is commonly believed that some individuals may be altruists and that the size of the group is a Poisson random variable then equilibrium is unique. If the decomposition uncertainty is very small and the expected...