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Hodnota statku kolektivní spotřeby
[Value of Collective Consumption Goods]

Author

Listed:
  • Beáta Mikušová Meričková
  • Jan Stejskal

Abstract

The goal of this paper is to develop the theoretical framework of the public goods provision. This theoretic contribution is based on the critical analysis of mainstream economics theories dealing with public goods as market failure (neoclassical economics and neoliberalism) and on the results of own economic experiment examining the "free-riding" behaviour in the voluntary provision of public goods. The "free rider" problem is one of the main reasons for government intervention in the market. However, there is an inefficiency of public decision making on public provision and financing of selected goods because of the estimating goods values (ex-post consumer utility) problem. Moreover, the results of economic experiments do not support the pure "free rider" theory. However, the economic experiment simulates the real public good consumption that is why this paper contains also the survey of consumers' willingness to pay for specific public goods (public library services) in real terms based on the methodology of contingent valuation method.

Suggested Citation

  • Beáta Mikušová Meričková & Jan Stejskal, 2014. "Hodnota statku kolektivní spotřeby [Value of Collective Consumption Goods]," Politická ekonomie, Prague University of Economics and Business, vol. 2014(2), pages 216-231.
    • Handle: RePEc:prg:jnlpol:v:2014:y:2014:i:2:id:947:p:216-231
    DOI: 10.18267/j.polek.947
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    References listed on IDEAS

    as
    1. Jitka Šeneklová & Jiří Špalek, 2009. "Jsou ekonomové jiní? Ekonomický model versus realita [Are economists different? economic model]," Politická ekonomie, Prague University of Economics and Business, vol. 2009(1), pages 21-45.
    2. Mark Isaac, R. & McCue, Kenneth F. & Plott, Charles R., 1985. "Public goods provision in an experimental environment," Journal of Public Economics, Elsevier, vol. 26(1), pages 51-74, February.
    3. Howard R. Bowen, 1943. "The Interpretation of Voting in the Allocation of Economic Resources," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 58(1), pages 27-48.
    4. repec:ucp:bkecon:9780226320625 is not listed on IDEAS
    5. Charles A. Holt & Susan K. Laury, 1997. "Classroom Games: Voluntary Provision of a Public Good," Journal of Economic Perspectives, American Economic Association, vol. 11(4), pages 209-215, Fall.
    6. Smith, Vernon L, 1982. "Microeconomic Systems as an Experimental Science," American Economic Review, American Economic Association, vol. 72(5), pages 923-955, December.
    7. Kamil Galuscak & Jan Pavel, 2012. "Taxes and Benefits: Work Incentive Effects of Policies," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 62(1), pages 27-43, February.
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    Cited by:

    1. Ochrana František & Hrnčířová Kristýna, 2015. "Does the Lowest Bid Price Evaluation Criterion Make for a More Efficient Public Procurement Selection Criterion? (Case of the Czech Republic)," NISPAcee Journal of Public Administration and Policy, Sciendo, vol. 8(1), pages 41-59, June.

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    More about this item

    Keywords

    public goods; public goods values (ex-post consumer utility); free rider theory; economic experiment; willingness to pay;
    All these keywords.

    JEL classification:

    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • H42 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Private Goods
    • H44 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Goods: Mixed Markets
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs

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