Sequential contributions to public goods: on the structure of the equilibrium set

Clemens Puppe () and Rudolf Kerschbamer

Economics Bulletin, 2001, vol. 8, issue 3, 1-7

Abstract: This note clarifies two issues in the context of Varian's (1994) model of sequential contributions to a public good. First, it is shown that private provision of a public good is not necessarily neutral with respect to income transfers when agents move sequentially rather than simultaneously. Secondly, we discuss uniqueness of equilibrium in the sequential set-up.

JEL-codes: H4 (search for similar items in EconPapers)
Date: 2001-06-15
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