On models with an uncongestible public good and a continuum of consumers

  • Marcus Berliant
  • , Paul Rothstein

    Research output: Contribution to journalArticlepeer-review

    3 Scopus citations

    Abstract

    This short note shows that models with an uncongestible or mildly congestible public good and a (non-atomic) continuum of consumers have an interesting but unfortunate property. Only an infinite level of public good provision in the continuum economy can be approximated by feasible public good levels in a sequence of economies with finite populations. We discuss the theoretical and practical problems this creates for familiar models that employ a continuum of consumers and a finite level of an uncongestible public good.

    Original languageEnglish
    Pages (from-to)388-396
    Number of pages9
    JournalJournal of Urban Economics
    Volume48
    Issue number3
    DOIs
    StatePublished - Nov 2000

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