Electronic Resource
Berkeley, Calif.
:
Berkeley Electronic Press (now: De Gruyter)
Topics in theoretical economics
6.2006, 1, art9
ISSN:
1534-598X
Source:
Berkeley Electronic Press Academic Journals
Topics:
Economics
Notes:
This paper characterizes the utility possibility frontier resulting in a model of private voluntary provision of a public good. It is shown that ex-ante lotteries over resource distributions among the agents can be Pareto improving. A corollary is that an equal distribution of resources among the agents, or any distribution where all agents contribute in equilibrium, is always Pareto dominated by a lottery between two unequal distributions.
Type of Medium:
Electronic Resource
URL:
http://www.bepress.com/bejte/topics/vol6/iss1/art9
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