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| Francesco Ruscitti |
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| ''Provision of a discrete public good with infinitely-many commodities'' |
| ( 2013, Vol. 33 No.1 ) |
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| Suppose a group of individuals must decide whether to undertake a public project. The private commodity space, from which are also drawn the inputs for the public good, exhibits the Riesz decomposition property. We give a sufficient condition for the existence of a feasible provision of the public good that Pareto-dominates inaction. The condition is that the `net benefit' from the public project be positive. If this condition is met, by the Riesz decomposition property the cost of the project can be decomposed into a sum of individual contributions or taxes so that the project can be `financed' and every agent retains a positive surplus. |
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| Keywords: Public goods, efficient provision, reservation price, ordered vector spaces, Riesz decomposition property. |
JEL: C6 - Mathematical Methods and Programming: General
H4 - Publicly Provided Goods: General |
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| Manuscript Received : Aug 29 2012 | | Manuscript Accepted : Jan 08 2013 |
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