Public goods, the consumpation of one agent does not lower the potential consumpation of another agent.
Free ride, use the good, another should pay.
9.2 Public goods - The neoclassical Approach
Rival, the consumpation of one lower the potential consumpation of another consumer.
Excludability, consumer can be barred from consumpation.
Individuals do not show there real preferences.
9.3 Provision of public goods in practice
The Lindahl solution
Every individual damand the same quantity but with different prices.
9.4 Voluntary Provision of Public Goods - Free Riders and collective Action
Size of the group will determine the likelihood of successfull collective action. Size » [benefits/cost] of public good.
A group were provision of the public good is positiv is callled a privileged group, a group were it is negativ is called, a latent group.
The role of group size.
9.5 Voluntary Provision of public goods - Clubs
mixed clubs, the members have different preferences and or endowments.
9.6 The static Public good game
N.N.
9.7 The war of Attrition in Public Goods Provision
N.N.
Sascha Frank
Last modified: Thu Nov 17 15:01:11 MET 2005