Private provision of public goods: a general equilibrium analysis

Article Type

Research Article

Publication Title

Indian Economic Review

Abstract

We develop a general equilibrium model of private provision of public good where capital owners contribute but others do not. It is shown that the aggregate level of provision varies positively with the number of non-contributors but may not vary positively with the number of contributors. An increase in the number of contributors raises the national income but it may lower their welfare level. Capital accumulation does not affect the public good provision but raises welfare.

First Page

285

Last Page

300

DOI

10.1007/s41775-022-00152-x

Publication Date

12-1-2022

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