On the Privatization of Excludable Public Goods

1992 ◽  
Vol 58 (4) ◽  
pp. 904 ◽  
Author(s):  
Timothy J. Gronberg ◽  
Hae-Shin Hwang
Keyword(s):  
Public Goods ◽  
Excludable Public Goods

scholarly journals The Role of Prices for Excludable Public Goods

2005 ◽  
Vol 12 (1) ◽  
pp. 61-79 ◽  
Author(s):  
S�ren Blomquist ◽  
Vidar Christiansen
Keyword(s):  
Public Goods ◽  
Excludable Public Goods

Auction-Like Mechanisms for Pricing Excludable Public Goods

1999 ◽  
Vol 88 (2) ◽  
pp. 340-368 ◽  
Author(s):  
Rajat Deb ◽  
Laura Razzolini
Keyword(s):  
Public Goods ◽  
Excludable Public Goods

scholarly journals Optimal Provision of Multiple Excludable Public Goods

2010 ◽  
Vol 2 (4) ◽  
pp. 1-37 ◽  
Author(s):  
Hanming Fang ◽  
Peter Norman
Keyword(s):  
Public Goods ◽  
Hazard Rate ◽  
Regularity Condition ◽  
Optimal Solution ◽  
Rate Condition ◽  
Good Case ◽  
Optimal Mechanism ◽  
Excludable Public Goods

This paper studies the optimal provision mechanism for multiple excludable public goods. For a class of problems with symmetric goods and binary valuations, we show that the optimal mechanism involves bundling if a regularity condition, akin to a hazard rate condition, on the distribution of valuations is satisfied. Relative to separate provision mechanisms, the optimal bundling mechanism may increase the asymptotic provision probability of socially efficient public goods from zero to one, and decreases the extent of use exclusions. If the regularity condition is violated, the optimal solution replicates the separate provision outcome for the two-good case. (JEL D82, H41)

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