SFB 303 Discussion Paper No. A - 40
Author: Güth, Werner, and Martin Hellwig
Title: The Private Supply of a Public Good
Abstract: In this paper, we study the supply of a public good by a monopolistic producer and analyse its welfare
properties. In the more than thirty years since the publication of Samuelson´s "The Pure Theory of Public
Expenditure" (1954), a lot of word has been done on the incentive problems connected with the revelation of
consumer preferences for public goods. However, little seems to have been done on the supply of public goods
in different institutional settings. We begin to fill this gap by analysing the implications of profit maximization
as a basis for such supply decisions.
Creation-Date: January 1986
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