Ambiguity and Public Good Provision in Large Societies
Ralph Bailey (),
Jürgen Eichberger and
Journal of Public Economic Theory, 2005, vol. 7, issue 5, 741-759
In this paper, we consider the effect of ambiguity on the private provision of public goods. Equilibrium is shown to exist and be unique. We examine how provision of the public good changes as the size of the population increases. We show that when there is uncertainty, there may be less free‐riding in large societies.
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Working Paper: Ambiguity and public good provision in large societies (2004)
Working Paper: Ambiguity and Public Good Provision in Large Societies (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:bla:jpbect:v:7:y:2005:i:5:p:741-759
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