Time Dynamics and Incomplete Information in the Private Provision of Public Goods.

S-Tier
Journal: Journal of Political Economy
Year: 1992
Volume: 100
Issue: 3
Pages: 581-97

Score contribution per author:

8.043 = (α=2.01 / 1 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In this paper, a dynamic model of the provision of a public good with incomplete information is developed. For a finite population, in addition to the standard underprovision type of results, inefficiency occurs because of a delay in contributions. For an infinite population, although delay may disappear, underprovision remains so that equilibrium is still inefficient. Policy implications of these results are described, emphasis being put on possible government intervention with incomplete information. Copyright 1992 by University of Chicago Press.

Technical Details

RePEc Handle
repec:ucp:jpolec:v:100:y:1992:i:3:p:581-97
Journal Field
General
Author Count
1
Added to Database
2026-01-25