Abstract
The interaction of selfish, rational actors in the provision of a public good is analyzed, in an attempt to explain recent experimental findings as well as real-world cases of voluntary collective action. The model, which allows for more sophisticated behavior than that assumed by the conventional Cournot theory, predicts a higher level of collective action that that theory. The impacts of income effects and of the price elasticity of demand for the public good are given special emphasis.
Original language | American English |
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Pages (from-to) | 1-19 |
Journal | EconomiA |
Volume | 54 |
State | Published - 1987 |