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Social status concerns and the political economy of publicly provided private goods

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Bibliographic Details
Authors and Corporations: Friedrichsen, Jana (Author), König, Tobias (Author), Lausen, Tobias (Author)
Other Authors: König, Tobias 1978- [Author] • Lausen, Tobias [Author]
Type of Resource: E-Book
Language: English
published:
Berlin DIW Berlin, German Institute for Economic Research 2019
Series: Deutsches Institut für Wirtschaftsforschung: Discussion papers ; 1824
Source: Verbunddaten SWB
Lizenzfreie Online-Ressourcen
Description
Summary: We analyze the political economy of the public provision of private goods when individuals care about their social status. Status concerns motivate richer individuals to vote for the public provision of goods they themselves buy in markets: a higher provision level attracts more individuals to the public sector, enhancing the social exclusivity of market purchases. Majority voting may lead to a public provision that only a minority of citizens use. Users in the public sector may enjoy better provision than users in the private system. We characterize the coalitions that can prevail in a political equilibrium.
Physical Description: 1 Online-Ressource (circa 69 Seiten); Illustrationen