Private Provision of Public Goods between Families
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概要
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We consider a two-stage voluntary provision model where individualsin a family contribute to inter-family public goods, and, at thesame time, the parent makes private transfers to her child within thesame family. We show not only that Warr’s neutrality holds regardlessof the different timings of parent-to-child transfers, but also thatthere is a continuum of Nash equilibria in the sense that individuals’contributions and parental transfers are indeterminate, although theallocation of each’s private consumption and total public good provisionis uniquely determined. We further show that, in the presence ofimpure altruism, neutrality and uniqueness of the equilibrium allocationpersist.
- Graduate School of Economics and Business Administration, Hokkaido Universityの論文
- 2007-12-18
Graduate School of Economics and Business Administration, Hokkaido University | 論文
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- Private Provision of Public Goods between Families