Article ID Journal Published Year Pages File Type
5060140 Economics Letters 2011 4 Pages PDF
Abstract
► Hyperbolic discounting modifies the incentives underlying public provision. ► The preference for immediate gratification faced by the high-ability type weakens the policy incentive associated with the self-selection constraint. ► Paternalistic and welfarist governments obey the same policy rule for public goods.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Authors
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