THE PROVISION OF PUBLIC-GOODS VIA ADVERTISING - EXISTENCE OF EQUILIBRIA AND WELFARE ANALYSIS

被引:2
|
作者
LUSKI, I
WETTSTEIN, D
机构
[1] BEN GURION UNIV NEGEV,DEPT ECON,IL-84105 BEER SHEVA,ISRAEL
[2] BEN GURION UNIV NEGEV,MONASTER CTR ECON RES,IL-84105 BEER SHEVA,ISRAEL
[3] UNIV WESTERN ONTARIO,DEPT ECON,LONDON N6A 5C2,ONTARIO,CANADA
关键词
D O I
10.1016/0047-2727(94)90065-5
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper considers an economy where a public good is provided via advertising. The consumers' preferences are represented using the 'characteristics' approach', and the advertising has a potentially enhancing effect on the characteristics' content of a given commodity. We define competitive equilibria and show they exist. The welfare properties of the resulting allocations are analyzed, and conditions for over- and under-production of the public good are provided.
引用
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页码:309 / 321
页数:13
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