Clubs as a case of competitive industry with goods of variable quality |
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Authors: | Eitan Berglas David Pines |
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Affiliation: | Tel-Aviv University, Ramat-Aviv, Tel-Aviv, Israel |
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Abstract: | The paper provides a new proof for the optimality of market provision for Buchanan's club goods where club goods are treated as goods of variable quality. This approach extends the theory of clubs, and introduces congestion to the analysis of competitive equilibrium with goods of variable quality. |
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