Shared Consumption: A Technological Analysis

dc.contributor.author	Weymark, John A.
dc.date.accessioned	2020-09-13T20:56:12Z
dc.date.available	2020-09-13T20:56:12Z
dc.date.issued	2003
dc.identifier.uri	http://hdl.handle.net/1803/15732
dc.description.abstract	James Buchanan (Economica, 1966) has argued that Alfred Marshall's theory of jointly-supplied goods can be extended to analyze the allocation of impure public goods. This article introduces a way of modelling sharing technologies for jointly-supplied goods that captures the essential features of Buchanan's proposal. Public and private goods are special cases of shared goods obtained by appropriately specifying the sharing technology. Necessary conditions for an allocation in a shared goods economy to be Pareto optimal are identified and related to the optimality conditions for public and private goods.
dc.language.iso	en_US
dc.publisher	Vanderbilt University	en
dc.subject	Impure public goods
dc.subject	shared goods
dc.subject	Pareto optimality
dc.subject	JEL Classification Number: H41
dc.subject.other
dc.title	Shared Consumption: A Technological Analysis
dc.type	Working Paper	en
dc.description.department	Economics