Private provision of public goods between families
We consider a two-stage voluntary provision model where individuals in a family contribute to a pure public good and/or a household public good, and the parent makes private transfers to her own child. We show not only that Warr's neutrality holds, regardless of the different timings of parent-to-child transfers, but also that there is a continuum of Nash equilibria which individuals' contributions and parental transfers are indeterminate, although the allocation of each's private consumption...[Show more]
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|Source:||Journal of Population Economics|
|01_Cornes_Private_provision_of_public_2012.pdf||507.7 kB||Adobe PDF||Request a copy|
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