A constitutional theory of public goods
@article{Marmolo1999ACT, title={A constitutional theory of public goods}, author={Elisabetta Marmolo}, journal={Journal of Economic Behavior and Organization}, year={1999}, volume={38}, pages={27-42} }
Abstract The conventional justification for public provision is market failure. This paper argues instead that the rationale for public provision of goods is the existence of utility interdependencies across demanders: individuals choose what goods are public at the constitutional level based on degrees of utility interdependence in consumption. The paper first develops an analytical argument for shifting from non-excludability and joint consumption to utility interdependence in the analysis of… Expand
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