THE PROVISION OF PUBLIC-GOODS VIA ADVERTISING - EXISTENCE OF EQUILIBRIA AND WELFARE ANALYSIS
成果类型：
Article
署名作者：
LUSKI, I; WETTSTEIN, D
署名单位：
Ben-Gurion University of the Negev; Ben-Gurion University of the Negev; Western University (University of Western Ontario)
刊物名称：
JOURNAL OF PUBLIC ECONOMICS
ISSN/ISSBN：
0047-2727
DOI：
10.1016/0047-2727(94)90065-5
发表日期：
1994
页码：
309-321
关键词：
摘要：
This paper considers an economy where a public good is provided via advertising. The consumers' preferences are represented using the 'characteristics' approach', and the advertising has a potentially enhancing effect on the characteristics' content of a given commodity. We define competitive equilibria and show they exist. The welfare properties of the resulting allocations are analyzed, and conditions for over- and under-production of the public good are provided.
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