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The B.E. Journal of Theoretical Economics

Editor-in-Chief: Schipper, Burkhard

Ed. by Fong, Yuk-fai / Peeters, Ronald / Puzzello , Daniela / Rivas, Javier / Wenzelburger, Jan

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Source Normalized Impact per Paper (SNIP) 2017: 0.459

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Pareto Improving Lotteries and Voluntary Public Goods Provision

Alexander Karaivanov
Published Online: 2006-07-13 | DOI: https://doi.org/10.2202/1534-598X.1246

This paper characterizes the utility possibility frontier resulting in a model of private voluntary provision of a public good. It is shown that ex-ante lotteries over resource distributions among the agents can be Pareto improving. A corollary is that an equal distribution of resources among the agents, or any distribution where all agents contribute in equilibrium, is always Pareto dominated by a lottery between two unequal distributions.

Keywords: public goods; private provision; lotteries; efficiency

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Published Online: 2006-07-13

Citation Information: Topics in Theoretical Economics, Volume 6, Issue 1, Pages 1–13, ISSN (Online) 1534-598X, DOI: https://doi.org/10.2202/1534-598X.1246.

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