Ambiguity and public good provision in large societies
Bailey, Ralph W.
University of Birmingham; Universität Heidelberg; University of Exeter (formerly University of Birmingham)
Journal of Public Economic Theory
In this paper, we consider the effect of ambiguity on the private provision of public goods. Equilibrium is shown to exist and be unique. We examine how provision of the public good changes as the size of the population increases. We show that when there is uncertainty, there may be less free-riding in large societies.
Journal of Public Economic Theory, Dec. 2005, Vol. 7 Issue 5, p741-759