 Dynamic Processes for Public Goods: An Institution-Oriented SurveyChapter Chapter 1 in Public goods, environmental externalities and fiscal competition, 2006, pp 9-48 from Springer Abstract: Abstract A nontechnical, but nevertheless not informal, account is given of dynamic models recently developed in the theory of public goods. After a purely descriptive presentation of three basic models (Section 2) and their many subsequent extensions (Section 3), various reflections are made in Section 4 on issues raised by an institutional perspective: first, the usual planning interpretation of such processes is presented and commented upon; next, contrasting normative and positive approaches to public goods, it is argued that one category of processes can be given an interpretation much in line with the literature on positive public economics. Third, the planning vs. voluntary exchange institutions are contrasted from the point of view of cooperation among the agents in an economy with public goods. Keywords: Public Good; Solution Concept; Competitive Equilibrium; Private Good; Feasible State (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-0-387-25534-7_2 Ordering information: This item can be ordered from DOI: 10.1007/978-0-387-25534-7_2 Access Statistics for this chapter More chapters in Springer Books from Springer |
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