Dynamic Voluntary Provision of Public Goods: A Generalization

Kenji Fujiwara and Norimichi Matsueda ()

Journal of Public Economic Theory, 2009, vol. 11, issue 1, pages 27-36

Abstract: In this note we examine if the proposition offered by Fershtman and Nitzan (1991) and Wirl (1996) in the context of a dynamic voluntary provision model with a linear production function can be generalized to a more general CES formulation. By comparing the steady-state stocks of a public good in open-loop and feedback Nash equilibria with that under the cooperative solution, we demonstrate that their ranking among the steady-state stocks is indeed preserved under the CES framework. Copyright © 2009 Wiley Periodicals, Inc..

Date: 2009

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