Public Goods Production and Private Sector Productivity

Public Sector Rationing and Private Sector Selection

We study the interaction between nonprice public rationing and prices in the private market. Under a limited budget, the public supplier uses a rationing policy. A private firm may supply the good to those consumers who are rationed by the public system. Consumers have different amounts of wealth, and costs of providing the good to them vary. We consider two regimes. First, the public supplier ...

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...

On the Private Provision of Public Goods

We consider a general model of the non-cooperative provision of a public good. Under very weak assumptions there will always exist a unique Nash equilibrium in our model. A small redistribution of wealth among the contributing consumers will not change the equilibrium amount of the public good. However, larger redistributions of wealth will change the set of contributors and thereby change the ...