The provision of public goods via advertising. Existence of equilibria and welfare analysis

Israel Luski; David Wettstein

doi:10.1016/0047-2727(94)90065-5

The provision of public goods via advertising. Existence of equilibria and welfare analysis

Israel Luski
, David Wettstein

Department of Economics

Research output: Contribution to journal › Article › peer-review

6 Scopus citations

Abstract

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.

Original language	English
Pages (from-to)	309-321
Number of pages	13
Journal	Journal of Public Economics
Volume	54
Issue number	2
DOIs	https://doi.org/10.1016/0047-2727(94)90065-5
State	Published - 1 Jan 1994

ASJC Scopus subject areas

Finance
Economics and Econometrics

Access to Document

10.1016/0047-2727(94)90065-5

Cite this

@article{4e3d591e4bcf4c6bb5623a301d0ccb60,

title = "The provision of public goods via advertising. Existence of equilibria and welfare analysis",

abstract = "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.",

author = "Israel Luski and David Wettstein",

year = "1994",

month = jan,

day = "1",

doi = "10.1016/0047-2727(94)90065-5",

language = "English",

volume = "54",

pages = "309--321",

journal = "Journal of Public Economics",

issn = "0047-2727",

publisher = "Elsevier B.V.",

number = "2",

}

TY - JOUR

T1 - The provision of public goods via advertising. Existence of equilibria and welfare analysis

AU - Luski, Israel

AU - Wettstein, David

PY - 1994/1/1

Y1 - 1994/1/1

N2 - 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.

AB - 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.

UR - https://www.scopus.com/pages/publications/38149145922

U2 - 10.1016/0047-2727(94)90065-5

DO - 10.1016/0047-2727(94)90065-5

M3 - Article

AN - SCOPUS:38149145922

SN - 0047-2727

VL - 54

SP - 309

EP - 321

JO - Journal of Public Economics

JF - Journal of Public Economics

IS - 2

ER -

The provision of public goods via advertising. Existence of equilibria and welfare analysis

Abstract

ASJC Scopus subject areas

Access to Document

Other files and links

Fingerprint

Cite this