Discrete public goods under threshold uncertainty [An article from: Journal of Public Economics] | ![Discrete public goods under threshold uncertainty [An article from: Journal of Public Economics]](http://ecx.images-amazon.com/images/I/51EC9438Q6L._SL160_.jpg)
 enlarge | Author: M. Mcbride
Publisher: Elsevier
Category: Book
Buy New: $10.95
Format: Html
Media: Digital
Pages: 18
Publication Date: August 1, 2006
Availability: Available for download now
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Product Description
This digital document is a journal article from Journal of Public Economics, published by Elsevier in 2006. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
A discrete public good is provided when total contributions exceed the contribution threshold, yet the threshold is often not known with certainty. I show that the relationship between the degree of threshold uncertainty and equilibrium contributions and welfare is not monotonic. For a large class of threshold probability distributions, equilibrium contributions will be higher under increased uncertainty (e.g., a mean-preserving spread) if the public good's value is sufficiently high. Otherwise, and if another condition on the distribution's mode is met, contributions will be lower. The same result also obtains if a single-crossing condition of the pdfs is met. dfs is met.
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