[PDF] Top 20 Monopolistic Provision of Excludable Public Goods under Private Information

... This paper characterizes the optimal contract designed by a profit-maximizing monopolist, who can provide an indivisible and excludable public good to a group of n potential consumers, w[r] ... See full document

... the information stock ˆ ...of information is directly related to fundraising intensity, ˆ r; and, as just shown, fundraising intensity decreases with ...of information diffusion – the expression Θ b ... See full document

... solve information related market and co-ordination failures in areas such as skill development or infrastructure provision (Amsden ...disperse information among ...of information between state ... See full document

... In selecting covariates, by the usual rule for avoiding omitted variables bias, one should include all variables that affect both the treatment assignment and, controlling for the treatment, the dependent variable. To ... See full document

... optimal provision of public goods or of the excess burden of taxation regard individual utility as depending directly on one’s own con- sumption and ... See full document

... The analysis of the variation of contributions during the 90 seconds of each period may help us to understand the strategies followed by players. Gradstein (1992) shows that in a two period model of voluntary ... See full document

... Notice that the turning point of b ( b * ) depends on the magnitude of all other parameters. Tables 5a-f reveal that the turning point of b arrives later (i.e. b * gets larger), when international capital mobility ... See full document

... The three tests confirm that the series are I(1) with different breakpoints. Therefore, it is possible to carry out the cointegration tests taking into account the existence of breakpoints: Gregory and Hansen (GH) and ... See full document

... more public goods, are more prone to increase their provision when the spillover parameter ...the provision of public goods of one jurisdiction depends on the entire structure of ... See full document

... costly public good ...of public good provision only if his gains in terms of a public good variety are large enough, implying that his announced variety is quite di¤erent from that of the ... See full document

... between public and private ...between private and public goods, implicit in Chiappori’s model, does not lead to any new ...But under a di¤erent separability assumption between ... See full document

... in public revenues experienced by a number of countries – and ...useful information for predicting default, as also suggested by recent work (Tomz and Wright, 2007; Arellano and Bai, ...additional ... See full document

... many goods and services, practical value is far more important than ranking ...some goods and services that households feel are of little practical value but that have a large ranking ...are goods or ... See full document

... the public goods problem in a continuum economy, we have to accept the restriction of equal cost sharing as well as the fact that our analysis ap- plies only to those situations in which there is a right of ... See full document

... the public good since it pushes up the unit cost of private utility, hence making the public good be more attrac- tive relative to the private ...the public good creates its own demand ... See full document

... some h it will have to be the case that B h < 0. Notice that this particular agent can always make sure that the amount of redistribution of endowments in the economy is precisely zero, thus neutralizing the effect of ... See full document

... the public good level is underprovided, in the sense described above, does not imply that welfare of all households will be improved by increasing the total public good provision through government ... See full document

... Economists have investigated the profitability of cooperation in providing public goods considering third-party behavior in a wide variety of topics. For example, in the context of military alliances or arm ... See full document

... The upper panel of Figure 1 represents the effects of changes in market size on equilibrium policies. In the shaded region where market size is extremely small, total output and thus the innovator’s revenues are so small ... See full document

... deliver information about what other participants do to UCC users in order to induce increased ...social information to motivate ...social information to moti- vate contribution to UCC ...system ... See full document