All Rights Reserved
AccessEcon LLC 2006, 2008.
Powered by MinhViet JSC
ralph lauren polo

 
Clemens Puppe and Rudolf Kerschbamer
 
''Sequential contributions to public goods: on the structure of the equilibrium set''
( 2001, Vol. 8 No.3 )
 
 
This note clarifies two issues in the context of Varian's (1994) model of sequential contributions to a public good. First, it is shown that private provision of a public good is not necessarily neutral with respect to income transfers when agents move sequentially rather than simultaneously. Secondly, we discuss uniqueness of equilibrium in the sequential set-up.
 
 
Keywords:
JEL: H4 - Publicly Provided Goods: General
 
Manuscript Received : Jun 12 2001 Manuscript Accepted : Jun 15 2001

  This abstract has been downloaded 729 times                The Full PDF of this paper has been downloaded 87704 times