Public-Good Provision with Many Participants.

For a nonexcludable public good with benefit and cost functions independent of the number of participants, this paper studies second-best allocations under Bayesian interim incentive compatibility and interim individual rationality. As the number of participants becomes large, second-best provision...

Full description

Bibliographic Details

Published in:	Review of Economic Studies Vol. 70; no. 3; pp. 589 - 615
Main Author:	Hellwig, Martin F.
Format:	Article
Published:	Oxford University Press / UK July 2003
Subjects:	Mathematical models of consumption Public goods Bayesian analysis Resource allocation > Mathematical models
Online Access:	View this record in EBSCOhost