On Membership in Clubs

Clive D. Fraser and Abraham Hollander

No 268381, Economic Research Papers from University of Warwick - Department of Economics

Abstract: Clubs are voluntarily-shared but excludable facilities prone to congestion. Examples include tolled trunk road, the telephone system and "gentlemen's" clubs. Despite 25 years of development, the clubs literature does not contain a satisfactory treatment of the membership of the sharing group which allows for differences in income and/or tastes and for agents' self-selection to club membership or non-membership. This paper provides such a treatment and applies it to profit-maximising and revenue-constrained welfare-maximising clubs and to the analysis of the social organisation of a facility of fixed size.

Keywords: Industrial Organization; Institutional and Behavioral Economics (search for similar items in EconPapers)
Pages: 45
Date: 1990-03-03
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:uwarer:268381

DOI: 10.22004/ag.econ.268381

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