David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
In this paper, we discuss several issues related to public goods problems. Unlike many Austrians, we do not think that the concept of public goods - or of collective action - is an inherently flawed idea, even though we reject the alleged welfare implications of public goods theory, as proposed by orthodox public finance literature. We argue that the structure of a generic public goods problem is a game of Chicken or an Assurance game, rather than a Prisoner's dilemma and that this has important implications with regard to the plausibility of cooperative outcomes. Namely, when the public goods problem has the weakest link structure and can be represented by an Assurance game, then the cooperative outcome will be self-enforcing. In many cases, the public goods problem can be transformed into a weakest link game or different mechanisms can be found to ensure cooperation. We also discuss the difference between a public goods problem and collusion. We assert that, unlike public goods problems, collusive agreements have the structure of a Prisoner's dilemma. Overall, our paper suggests that there are reasons to be optimistic about stability and efficiency of stateless societal orders.
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library||
References found in this work BETA
No references found.
Citations of this work BETA
No citations found.
Similar books and articles
Hal R. Varian (1993). Markets for Public Goods? Critical Review 7 (4):539-557.
William Boardman, Some Themes in David Schmidtz, the Limits of Government: An Essay on the Public Goods Argument (Westview Press: 1991).
David Miller (1993). Public Goods Without the State. Critical Review 7 (4):505-523.
Harold Demsetz (1993). The Private Production of Public Goods, Once Again. Critical Review 7 (4):559-566.
Jonny Anomaly (2011). Public Health and Public Goods. Public Health Ethics 4 (3):251-259.
Tyler Cowen & Gregory Kavka (2003). The Public Goods Rationale for Government and the Circularity Problem. Politics, Philosophy and Economics 2 (2):265-277.
Leif Wenar (2002). Raymond Geuss, Public Goods, Private Goods:Public Goods, Private Goods. Ethics 113 (1):151-154.
Ruth Chadwick & Sarah Wilson (2004). Genomic Databases as Global Public Goods? Res Publica 10 (2):123-134.
David Schmidtz (1993). Market Failure. Critical Review 7 (4):525-537.
Added to index2009-01-28
Total downloads14 ( #116,050 of 1,102,989 )
Recent downloads (6 months)5 ( #62,029 of 1,102,989 )
How can I increase my downloads?