Dynamic Voluntary Provision of Public Goods: A Generalization

Kenji Fujiwara () and Norimichi Matsueda

Journal of Public Economic Theory, 2009, vol. 11, issue 1, 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.

Date: 2009
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https://doi.org/10.1111/j.1467-9779.2008.01395.x

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Persistent link: https://EconPapers.repec.org/RePEc:bla:jpbect:v:11:y:2009:i:1:p:27-36

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