Adoption externalities as public goods
Adoption externalities as public goods
复制标题
采用外部性作为公共物品
DOI:
10.1016/0047-2727(83)90012-9
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发表时间:
1983
影响因子:
9.8
通讯作者:
Chester Spatt
中科院分区:
文献类型:
--
作者:
Philip H. Dybvig;Chester Spatt
A public good problem arises naturally in situations characterized by positive externalities or negative externalities. For positive externalities, agents furnish a public good by taking an action. Similarly, for negative externalities, agents furnish a public good bynottaking an action. We examine these externalities in a binary choice problem, i.e. adoption externalities. In each case, there is a potential role for government intervention, even when equilibrium transfers are not allowed, since one equilibrium Pareto dominates all others. We analyze the positive and normative features of equilibria in these models, and we explore the possibility of useful government intervention.