Ambiguity and public good provision in large societies


Bailey, Ralph W. ; Eichberger, Jürgen ; Kelsey, David


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URL: http://ub-madoc.bib.uni-mannheim.de/2689
URN: urn:nbn:de:bsz:180-madoc-26898
Document Type: Working paper
Year of publication: 2004
Publication language: English
Institution: School of Law and Economics > Sonstige - Fakultät für Rechtswissenschaft und Volkswirtschaftslehre
MADOC publication series: Sonderforschungsbereich 504 > Rationalitätskonzepte, Entscheidungsverhalten und ökonomische Modellierung (Laufzeit 1997 - 2008)
Subject: 330 Economics
Classification: JEL: D81 H41 ,
Subject headings (SWD): Öffentliches Gut , Erwarteter Nutzen , Bevölkerung , Trittbrettfahrerverhalten , Theorie , Entscheidung bei Unsicherheit
Keywords (English): Ambiguity , public goods , Choquet expected utility
Abstract: 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.
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Bailey, Ralph W. ; Eichberger, Jürgen ; Kelsey, David (2004) Ambiguity and public good provision in large societies. Open Access [Working paper]
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