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Rotten kids, purity, and perfection.
- Source :
- Journal of Political Economy; Oct99, Vol. 107 Issue 5, p1034, 7p
- Publication Year :
- 1999
-
Abstract
- Bergstrom has shown that Becker's "Rotten Kid theorem" holds in a world of two commodities if their utilities are transferable. The present paper identifies a further circumstance in which the theorem is valid. We show that it also holds in the absence of transferable utility if the externalities are assumed to take the form of a single pure public good. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 00223808
- Volume :
- 107
- Issue :
- 5
- Database :
- Complementary Index
- Journal :
- Journal of Political Economy
- Publication Type :
- Academic Journal
- Accession number :
- 2452071
- Full Text :
- https://doi.org/10.1086/250089