✦ LIBER ✦

Voluntary purchase of public goods

✍ Scribed by Douglas J. Young

Publisher: Springer US
Year: 1982
Tongue: English
Weight: 649 KB
Volume: 38
Category: Article
ISSN: 0048-5829
DOI: 10.1007/bf00124629

No coin nor oath required. For personal study only.

✦ Synopsis

This paper examines the application of Buchanan's 'independent adjustment' model of public good provision to individual donations to voluntary or non-profit organizations. An individual's donation function is a simple transformation of the Marshallian demand function; consequently donation functions 'reveal,' in principle, preferences for public goods. The existence of a taxsubsidy system sustaining a Pareto optimal level of provision is demonstrated, and the relationship to the existing subsidy scheme in the U.S. is examined. Finally, two implications of the model suggest that it is not appropriate as a representation of actual donor behavior. * This article is drawn primarily from the author's Ph.D. thesis written under the supervision of Burton A. Weisbrod at the Univei'sity of Wisconsin. Eugene Smolensky, W. Lee Hansen and Efraim Sadka have provided especially helpful comments. All errors remain the sole responsibility of the author. Financial support from the Sloan Foundation is gratefully acknowledged.

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