Private provision of public goods: a general equilibrium analysis

Debasis Mondal and Manash Ranjan Gupta ()
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Manash Ranjan Gupta: Indian Statistical Institute

Indian Economic Review, 2022, vol. 57, issue 2, No 3, 285-300

Abstract: Abstract We develop a general equilibrium model of private provision of public good where capital owners contribute but others do not. It is shown that the aggregate level of provision varies positively with the number of non-contributors but may not vary positively with the number of contributors. An increase in the number of contributors raises the national income but it may lower their welfare level. Capital accumulation does not affect the public good provision but raises welfare.

Keywords: Public good; Private provision; Nash equilibrium; Welfare (search for similar items in EconPapers)
JEL-codes: F43 O11 O41 (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/s41775-022-00152-x

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