Biblioteca de la Universidad Complutense de Madrid

An impure public good model with lotteries in large groups

Impacto



Cabrales, Antonio y Lugo, Haydée (2011) An impure public good model with lotteries in large groups. [ Documentos de Trabajo del Instituto Complutense de Análisis Económico (ICAE); nº 05, 2011, ] (No publicado)

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URL Oficial: http://eprints.ucm.es/12474/




Resumen

We analyze the effect 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.


Tipo de documento:Documento de trabajo o Informe técnico
Palabras clave:Lotteries, Public good, Warm glow, Eficiency
Materias:Ciencias Sociales > Economía > Finanzas
Ciencias Sociales > Economía > Economía pública
JEL:D64, H21, H41
Título de serie o colección:Documentos de Trabajo del Instituto Complutense de Análisis Económico (ICAE)
Volumen:2011
Número:05
Código ID:12474
Referencias:

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Bergstrom, T., L. Blume, and H. Varian (1986): "On the Private Provision of Public Goods," Journal of Public Economics, 29, 25-49.

Bergstrom, T., and R. Cornes (1983): "Independence of allocative eficiency from distribution in the theory of public goods," Econometrica, 51(6), 1753-1765.

Borg, M. O., and P. M. Mason (1988): "The Budgetary Incidence of a Lottery to Support Education," National Tax Journal, 61, 75-85.

Borg, M. O., P. M. Mason, and S. L. Shapiro (1991): The economic consequences of state lotteries. Praeger Press, New York, NY.

Buchanan, J. (1963): "The Economics of Earmarked Taxes," Journal of Political Economy, 71, 457-469.

Clotfelter, C. T., and P. P. Cook (1989): Selling hope, State lotteries in America. Harvard University Press, Cambridge, MA.

Morgan, J. (2000): "Financing public goods by means of lotteries," The Review of Economic Studies, 67(4), 761-784.

Temimi, A. (2001): "Does altruism mitigate free-riding and welfare loss?,"Economics Bulletin, 8(5), 1-8.

Depositado:24 Mar 2011 15:07
Última Modificación:17 Jun 2016 11:31

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