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Efficient Provision of A Discrete Public Good
Oleh:
Gradstein, Mark
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
INTERNATIONAL ECONOMIC REVIEW vol. 35 no. 4 (1994)
,
page 877-898.
Topik:
PUBLIC GOODS
;
provision
;
discrete public good
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
II49.4
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
A discrete public good is characterized by a threshold production function : the good is provided if a certain number of contributors is reached. I consider a Bayesian framework where an individual's cost associated with his participation in the provision of a public good is private information. An efficient allocation mechanism is constructed when the outside option - available to individuals refusing to participate in the mechanism - is zero utility, and also for uniform uncertainty when the outside option is either voluntary contribution or forced contribution.
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