Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/92527 
Authors: 
Year of Publication: 
1978
Series/Report no.: 
Diskussionsbeiträge - Serie B No. 1
Publisher: 
Universität Konstanz, Fachbereich Wirtschaftswissenschaft und Statistik, Konstanz
Abstract: 
H. Demsetz claimed that under certain conditions private firms can supply public goods efficiently. Recently, it was argued that the optimality of the Demsetz equilibrium is destroyed when consumers engage in fraudulent behavior. In this paper, fraudulence is explicitly introduced in the Demsetz model. It ig shown that fraudulent consumers do no härm to the optimality of supplying public goods privately, within the framework of the Demsetz model.
Document Type: 
Working Paper

Files in This Item:
File
Size
360.39 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.