Arbeitspapier
On the legitimacy of coercion for the financing of public goods
The literature on public goods has shown that efficient outcomes are impossible if participation constraints have to be respected. This paper addresses the question whether they should be imposed. It asks under what conditions efficiency considerations justify that individuals are forced to pay for public goods that they do not value. It is shown that participation constraints are desirable if public goods are provided by a malevolent Leviathan. By contrast, with a Pigouvian planner, efficiency can be achieved. Finally, the paper studies the delegation of public goods provision to a profit-maximizing firm. This also makes participation constraints desirable.
- Sprache
-
Englisch
- Erschienen in
-
Series: Nota di Lavoro ; No. 98.2009
- Klassifikation
-
Wirtschaft
Institutions: Design, Formation, Operations, and Impact
Asymmetric and Private Information; Mechanism Design
Public Goods
Economics of Regulation
- Thema
-
Public goods
Mechanism Design
Incomplete Contracts
Regulation
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Bierbrauer, Felix
- Ereignis
-
Veröffentlichung
- (wer)
-
Fondazione Eni Enrico Mattei (FEEM)
- (wo)
-
Milano
- (wann)
-
2009
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Bierbrauer, Felix
- Fondazione Eni Enrico Mattei (FEEM)
Entstanden
- 2009
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