This paper analyzes the voluntary provision of the pure public good in a sequence of finite economies. The boundedness of this provision is established under very weak conditions. The Cournot-Nash provision of the public good is bounded. In contrast, the Lindahl provision is unbounded but the proportion of private good devoted to its production may be infinitesimal. Several examples are provided to relate this paper to the literature.
ASJC Scopus subject areas
- Sociology and Political Science
- Economics and Econometrics