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Income and Price Effects in an Alternate Exposition of the Theory of Clubs

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  • Adams, Ron D.
  • Royer, Jeffrey S.

Abstract

As Buchanan noted in his original paper, the economic theory of clubs "allows us to move one step forward in closing the awesome Samuelson gap between the purely private and the purely public good." [3, p.l]. Although the theory applies only to goods from which nonpayers can be excluded, the step forward his analysis permits is large. An alternate exposition of the theory is presented in Richard and Peggy Musgrave's textbook [6, pp. 615-622]; and a graphic conden sation of their exposition was developed by Allen, Amacher, and Tollison [1, pp. 386-91].

Suggested Citation

  • Adams, Ron D. & Royer, Jeffrey S., 1976. "Income and Price Effects in an Alternate Exposition of the Theory of Clubs," ISU General Staff Papers 197601010800001036, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genstf:197601010800001036
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    References listed on IDEAS

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    1. repec:bla:econom:v:40:y:1973:i:159:p:291-98 is not listed on IDEAS
    2. Allen, Larry & Amacher, Ryan C & Tollison, Robert D, 1974. "The Economic Theory of Clubs: A Geometric Exposition," Public Finance = Finances publiques, , vol. 29(3-4), pages 386-391.
    3. repec:bla:econom:v:41:y:1974:i:163:p:308-21 is not listed on IDEAS
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