Decision Sciences
4 years ago

Monopolist's Optimal Contracts for Public Goods Revolutionize Distribution Efficiency.

Public finance
Monopolistic Provision of Excludable Public Goods under Private Information
Patrick W. Schmitz

Paper Summary

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The article explores how a company can best sell a public good to a group of people with different preferences. The researchers look at how the company can make the most profit while still keeping customers happy. They find that when there are many potential customers, the company can use simple pricing to sell the public good. This research can help us understand how companies can provide goods efficiently and how governments can intervene to ensure fair access to public goods.