An impure public good model with lotteries in large grou

Antonio Cabrales and Haydée Lugo

No 2011-05, Documentos de Trabajo del ICAE from Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico

Abstract: We analyze the efect of a large group on an impure public goods model with lotteries. We show that as populations get large, and with selfish preferences, the level of contributions converges to the one given by voluntary contributions. With altruistic preferences (of the warm glow type), the contributions converge to a level strictly higher than those given by voluntary contributions, even though in general they do not yield First-best levels.

Keywords: Lotteries; Public good; Warm glow; Eficiency. (search for similar items in EconPapers)
JEL-codes: D64 H21 H41 (search for similar items in EconPapers)
Pages: 14 pages
Date: 2011
New Economics Papers: this item is included in nep-cbe
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Related works:
Working Paper: An impure public good model with lotteries in large groups (2011)
Working Paper: An impure public good model with lotteries in large groups (2011)
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