Group size paradox and public goods

Parimal Bag and Debasis Mondal

Economics Letters, 2014, vol. 125, issue 2, 215-218

Abstract: In an economy with voluntarily provided public goods and private product varieties, and a general class of CES preferences, it is shown that aggregate public good contribution follows an inverted-U pattern with respect to group size when private and public goods are substitutable in preferences. With complementarity, however, aggregate provision grows monotonically with group size.

Keywords: Public good; Group size; Monopolistic competition; General equilibrium; Partial equilibrium (search for similar items in EconPapers)
JEL-codes: H41 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:125:y:2014:i:2:p:215-218

DOI: 10.1016/j.econlet.2014.09.012

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