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...

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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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spelling 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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dc.relation.ispartofseries.none.fl_str_mv Documentos CEDE No. 15 Julio de 2012
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dc.publisher.none.fl_str_mv Universidad de los Andes, Facultad de Economía, CEDE
publisher.none.fl_str_mv Universidad de los Andes, Facultad de Economía, CEDE
institution Universidad de los Andes
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