Ambiguity and Public Good Provision in Large Societies

In this paper, we consider the effect of ambiguity on the private provision of public goods. Equilibrium is shown to exist and be unique. We examine how provision of the public good changes as the size of the population increases. We show that when there is uncertainty, there may be less free‐riding...

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Bibliographic Details
Published in:Journal of public economic theory 2005-12, Vol.7 (5), p.741-759
Main Authors: BAILEY, RALPH W., EICHBERGER, JÜRGEN, KELSEY, DAVID
Format: Article
Language:English
Subjects:
Economic theory
Private sector
Public good
Society
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Summary:In this paper, we consider the effect of ambiguity on the private provision of public goods. Equilibrium is shown to exist and be unique. We examine how provision of the public good changes as the size of the population increases. We show that when there is uncertainty, there may be less free‐riding in large societies.
ISSN:1097-3923
1467-9779
DOI:10.1111/j.1467-9779.2005.00242.x