Corrigendum: Heterogeneity, Impatience, and Dynamic Private Provision of a Discrete Public Good
Jinping Zhang and
Zhentao Zou
Journal of Public Economic Theory, 2025, vol. 27, issue 1
Abstract:
This corrigendum amends the main results in Bhattacharya et al., henceforth BTS. We show that the closed‐form solution in Proposition 3 of BTS is incorrect, and the individual contributions are nonlinear (rather than linear) in the cumulative collective contribution. In addition, when the impatience differential is large enough, the patient individuals (rather than impatient individuals) reduce the contributions as the project progresses toward completion. Finally, the project is completed earlier (rather than later) as we increase the difference in impatience.
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:bla:jpbect:v:27:y:2025:i:1:n:e70012
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