منابع مشابه
Corporate Provision of Public Goods∗
Firms spend considerable amounts on socially responsible business practices. These expenditures are often seen as an indirect form of profit maximization or a perquisite of the manager at shareholder expense. We offer a more direct explanation. Since shareholders enjoy both consumption and private benefits from public goods, managers acting on their behalf will (1) provision more public goods t...
متن کاملPublic Provision of Private Goods
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متن کاملOn 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 ...
متن کاملEfficient Provision of Public Goods with Endogenous Redistribution * Efficient Provision of Public Goods
We study a continuous and balanced mechanism that is capable of implementing in Nash equilibrium all the Pareto-efficient individually rational allocations for an economy with public goods. The Government chooses a set of weights directly related to the Lindahl prices corresponding to the Pareto-efficient allocation it wants to implement. The mechanism then guarantees that initial endowments ar...
متن کاملDistribution-neutral provision of public goods
The paper describes a normative approach to budget incidence, given the provision of a public good. The objective is to balance the budget by an income tax such that the budget is distribution-neutral. This property requires that every consumer’s net welfare gain, i.e. the benefit from consuming the public good and the tax burden in financing it, does not change the inequality inherent in the i...
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ژورنال
عنوان ژورنال: Journal of Public Economic Theory
سال: 2016
ISSN: 1097-3923
DOI: 10.1111/jpet.12209