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Rotten kids, purity, and perfection.

Authors :
Cornes, Richard C.
Silva, Emilson C.D.
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