The Private Production of Public Goods

@article{Demsetz1970ThePP,
  title={The Private Production of Public Goods},
  author={Harold Demsetz},
  journal={The Journal of Law and Economics},
  year={1970},
  volume={13},
  pages={293 - 306}
}
  • H. Demsetz
  • Published 1 October 1970
  • Economics
  • The Journal of Law and Economics
THIs paper analyzes the production of public goods through private means under conditions that allow nonpurchasers to be excluded from the use of the good. Two conclusions are reached. First, given the ability to exclude nonpurchasers, private producers can produce public goods efficiently. Secondly, the payment of different prices for the same good is consistent with competitive equilibrium if the good is a public good. The allocation of resources to the production of public goods can be… 

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