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Shared Consumption: A Technological Analysis

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Author Info
John A. Weymark () (Department of Economics, Vanderbilt University)

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Abstract

James Buchanan (Economica, 1966) has argued that Alfred Marshall's theory of jointly-supplied goods can be extended to analyze the allocation of impure public goods. This article introduces a way of modelling sharing technologies for jointly-supplied goods that captures the essential features of Buchanan's proposal. Public and private goods are special cases of shared goods obtained by appropriately specifying the sharing technology. Necessary conditions for an allocation in a shared goods economy to be Pareto optimal are identified and related to the optimality conditions for public and private goods.

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File URL: http://www.vanderbilt.edu/Econ/wparchive/workpaper/vu03-w01R.pdf
File Format: application/pdf
File Function: Revised version, 2003
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Publisher Info
Paper provided by Department of Economics, Vanderbilt University in its series Working Papers with number 0301.

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Date of creation: Feb 2003
Date of revision: Jul 2003
Handle: RePEc:van:wpaper:0301

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Postal: Box 1819, Station B, Nashville, TN 37235
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Web page: http://sitemason.vanderbilt.edu/econ/
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Related research
Keywords: Impure public goods; shared goods; Pareto optimality;

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Find related papers by JEL classification:
H41 - Public Economics - - Publicly Provided Goods - - - Public Goods

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Charles Plott & Robert Meyer, 1975. "The Technology of Public Goods, Externalities, and the Exclusion Principle," NBER Chapters, in: Economic Analysis of Environmental Problems, pages 65-94 National Bureau of Economic Research, Inc. [Downloadable!]
  2. Oakland, William H., 1972. "Congestion, public goods and welfare," Journal of Public Economics, Elsevier, vol. 1(3-4), pages 339-357, November. [Downloadable!] (restricted)
  3. Holtermann, S E, 1972. "Externalities and Public Goods," Economica, London School of Economics and Political Science, vol. 39(153), pages 78-87, February. [Downloadable!] (restricted)
  4. Oakland, William H., 1987. "Theory of public goods," Handbook of Public Economics, in: A. J. Auerbach & M. Feldstein (ed.), Handbook of Public Economics, edition 1, volume 2, chapter 9, pages 485-535 Elsevier. [Downloadable!] (restricted)
  5. Sandmo, Agnar, 1973. "Public Goods and the Technology of Consumption," Review of Economic Studies, Blackwell Publishing, vol. 40(4), pages 517-28, October. [Downloadable!] (restricted)
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