Private provision of public goods : neutrality and wealth-dependent preferences
Several authors have investigated the bounds of the so-called neutrality theorem where public goods are privately provided. Following this line of analysis, I investigate further in this paper the bounds of this result. I concentrate on an unexplored case in the existing literature- namely that wher...
- Autores:
-
Nupia Martínez, Oskar Andrés
- Tipo de recurso:
- Work document
- Fecha de publicación:
- 2012
- Institución:
- Universidad de los Andes
- Repositorio:
- Séneca: repositorio Uniandes
- Idioma:
- eng
- OAI Identifier:
- oai:repositorio.uniandes.edu.co:1992/8310
- Acceso en línea:
- http://hdl.handle.net/1992/8310
- Palabra clave:
- Income distribution
Neutrality theorem
Private provision
Public goods
Bienes públicos
Distribución del ingreso
D31
- Rights
- openAccess
- License
- http://creativecommons.org/licenses/by-nc-nd/4.0/
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Al consultar y hacer uso de este recurso, está aceptando las condiciones de uso establecidas por los autores.http://creativecommons.org/licenses/by-nc-nd/4.0/info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2Nupia Martínez, Oskar Andrésff3bf221-6263-4658-b439-b6aad08910b25002018-09-27T16:52:03Z2018-09-27T16:52:03Z20121657-5334http://hdl.handle.net/1992/83101657-719110.57784/1992/8310instname:Universidad de los Andesreponame:Repositorio Institucional Sénecarepourl:https://repositorio.uniandes.edu.co/Several authors have investigated the bounds of the so-called neutrality theorem where public goods are privately provided. Following this line of analysis, I investigate further in this paper the bounds of this result. I concentrate on an unexplored case in the existing literature- namely that where individual preferences for a public good are affected by respective levels of individual wealth. I prove that under such circumstances, the neutrality theorem no longer holds. More appealing, I discuss the conditions under which a redistribution of wealth might improve efficiency in the aggregate provision of public goods. Interestingly, we find that a redistribution of wealth from individuals who have a low valuation for public goods to those who have a high valuation for public goods does not necessarily increase its aggregate provision.Varios han estudiado los límites del teorema de neutralidad bajo el mecanismo de provisión privada de bienes públicos. Siguiendo esta línea de investigación, este artículo estudia un nuevo caso en el cual dicho teorema falla. En particular, se considera un caso en el cual las preferencias individuales por los bienes son afectadas por el nivel de riqueza de los individuos. Bajo estas circunstancias, prueba que la neutralidad no necesariamente cumple. También se estudian las circunstancias bajo las cuales una redistribución de la riqueza puede mejorar la eficiencia en la provisión final de bienes Interesante, se encuentra que una redistribución de la riqueza de individuos con una baja valoración por el bien público a individuos con una alta valoración por el bien público no necesariamente incrementa la provisión agregada de dicho bien.22 páginasapplication/pdfengUniversidad de los Andes, Facultad de Economía, CEDEDocumentos CEDE No. 15 Julio de 2012https://ideas.repec.org/p/col/000089/009801.htmlPrivate provision of public goods : neutrality and wealth-dependent preferencesProvisión privada de bienes públicos : neutralidad y preferencias dependientes de la riquezaDocumento de trabajoinfo:eu-repo/semantics/workingPaperhttp://purl.org/coar/resource_type/c_8042http://purl.org/coar/version/c_970fb48d4fbd8a85Texthttps://purl.org/redcol/resource_type/WPIncome distributionNeutrality theoremPrivate provisionPublic goodsBienes públicosDistribución del ingresoD31Facultad de EconomíaPublicationTEXTdcede2012-15.pdf.txtdcede2012-15.pdf.txtExtracted texttext/plain424310https://repositorio.uniandes.edu.co/bitstreams/b1cdd7b4-f434-45ef-98a5-e98aef344681/download09d2b8a99a2b8b72f91dc8d4cc3b73f1MD54THUMBNAILdcede2012-15.pdf.jpgdcede2012-15.pdf.jpgIM Thumbnailimage/jpeg8325https://repositorio.uniandes.edu.co/bitstreams/0639ab82-9508-4bb7-a6b2-7d9c7ba62805/download7263936a5807c8a04e6879117be27d34MD55ORIGINALdcede2012-15.pdfdcede2012-15.pdfapplication/pdf776583https://repositorio.uniandes.edu.co/bitstreams/4d518e64-c2fe-4799-b097-5cedacb1d56c/download882adc423fda98e395825e5aad03c8a0MD511992/8310oai:repositorio.uniandes.edu.co:1992/83102024-06-04 15:30:41.933http://creativecommons.org/licenses/by-nc-nd/4.0/open.accesshttps://repositorio.uniandes.edu.coRepositorio institucional Sénecaadminrepositorio@uniandes.edu.co |
dc.title.none.fl_str_mv |
Private provision of public goods : neutrality and wealth-dependent preferences |
dc.title.alternative.none.fl_str_mv |
Provisión privada de bienes públicos : neutralidad y preferencias dependientes de la riqueza |
title |
Private provision of public goods : neutrality and wealth-dependent preferences |
spellingShingle |
Private provision of public goods : neutrality and wealth-dependent preferences Income distribution Neutrality theorem Private provision Public goods Bienes públicos Distribución del ingreso D31 |
title_short |
Private provision of public goods : neutrality and wealth-dependent preferences |
title_full |
Private provision of public goods : neutrality and wealth-dependent preferences |
title_fullStr |
Private provision of public goods : neutrality and wealth-dependent preferences |
title_full_unstemmed |
Private provision of public goods : neutrality and wealth-dependent preferences |
title_sort |
Private provision of public goods : neutrality and wealth-dependent preferences |
dc.creator.fl_str_mv |
Nupia Martínez, Oskar Andrés |
dc.contributor.author.none.fl_str_mv |
Nupia Martínez, Oskar Andrés |
dc.subject.keyword.none.fl_str_mv |
Income distribution Neutrality theorem Private provision Public goods |
topic |
Income distribution Neutrality theorem Private provision Public goods Bienes públicos Distribución del ingreso D31 |
dc.subject.armarc.none.fl_str_mv |
Bienes públicos Distribución del ingreso |
dc.subject.jel.none.fl_str_mv |
D31 |
description |
Several authors have investigated the bounds of the so-called neutrality theorem where public goods are privately provided. Following this line of analysis, I investigate further in this paper the bounds of this result. I concentrate on an unexplored case in the existing literature- namely that where individual preferences for a public good are affected by respective levels of individual wealth. I prove that under such circumstances, the neutrality theorem no longer holds. More appealing, I discuss the conditions under which a redistribution of wealth might improve efficiency in the aggregate provision of public goods. Interestingly, we find that a redistribution of wealth from individuals who have a low valuation for public goods to those who have a high valuation for public goods does not necessarily increase its aggregate provision. |
publishDate |
2012 |
dc.date.issued.none.fl_str_mv |
2012 |
dc.date.accessioned.none.fl_str_mv |
2018-09-27T16:52:03Z |
dc.date.available.none.fl_str_mv |
2018-09-27T16:52:03Z |
dc.type.spa.fl_str_mv |
Documento de trabajo |
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http://purl.org/coar/version/c_970fb48d4fbd8a85 |
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info:eu-repo/semantics/workingPaper |
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http://purl.org/coar/resource_type/c_8042 |
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Text |
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https://purl.org/redcol/resource_type/WP |
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http://purl.org/coar/resource_type/c_8042 |
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1657-5334 |
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http://hdl.handle.net/1992/8310 |
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1657-7191 |
dc.identifier.doi.none.fl_str_mv |
10.57784/1992/8310 |
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reponame:Repositorio Institucional Séneca |
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http://hdl.handle.net/1992/8310 |
dc.language.iso.none.fl_str_mv |
eng |
language |
eng |
dc.relation.ispartofseries.none.fl_str_mv |
Documentos CEDE No. 15 Julio de 2012 |
dc.relation.repec.SPA.fl_str_mv |
https://ideas.repec.org/p/col/000089/009801.html |
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http://creativecommons.org/licenses/by-nc-nd/4.0/ |
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openAccess |
dc.format.extent.none.fl_str_mv |
22 páginas |
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application/pdf |
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Universidad de los Andes, Facultad de Economía, CEDE |
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Universidad de los Andes, Facultad de Economía, CEDE |
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Universidad de los Andes |
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