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Dynamic Voluntary Provision of Public Goods: A Generalization

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  • KENJI FUJIWARA
  • NORIMICHI MATSUEDA

Abstract

In this note we examine if the proposition offered by Fershtman and Nitzan (1991) and Wirl (1996) in the context of a dynamic voluntary provision model with a linear production function can be generalized to a more general CES formulation. By comparing the steady‐state stocks of a public good in open‐loop and feedback Nash equilibria with that under the cooperative solution, we demonstrate that their ranking among the steady‐state stocks is indeed preserved under the CES framework.

Suggested Citation

  • Kenji Fujiwara & Norimichi Matsueda, 2009. "Dynamic Voluntary Provision of Public Goods: A Generalization," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 11(1), pages 27-36, February.
    • Handle: RePEc:bla:jpbect:v:11:y:2009:i:1:p:27-36
    DOI: 10.1111/j.1467-9779.2008.01395.x
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    2. Colombo, Luca & Labrecciosa, Paola & Van Long, Ngo, 2022. "A dynamic analysis of international environmental agreements under partial cooperation," European Economic Review, Elsevier, vol. 143(C).
    3. Huang, Yuankan & Inohara, Takehiro, 2015. "Steady-state stock and group size: An approach of dynamic voluntary provisions of public goods," Applied Mathematics and Computation, Elsevier, vol. 270(C), pages 505-510.
    4. Javier Frutos & Guiomar Martín-Herrán, 2018. "Selection of a Markov Perfect Nash Equilibrium in a Class of Differential Games," Dynamic Games and Applications, Springer, vol. 8(3), pages 620-636, September.
    5. Marco Battaglini & Salvatore Nunnari & Thomas Palfrey, 2011. "The Free Rider Problem: a Dynamic Analysis," Working Papers 1354, Princeton University, Department of Economics, Econometric Research Program..

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