{"title":"Corrigendum: Heterogeneity, Impatience, and Dynamic Private Provision of a Discrete Public Good","authors":"Jinping Zhang, Zhentao Zou","doi":"10.1111/jpet.70012","DOIUrl":null,"url":null,"abstract":"<div>\n \n <p>This corrigendum amends the main results in Bhattacharya et al., henceforth BTS. We show that the closed-form solution in Proposition 3 of BTS is incorrect, and the individual contributions are nonlinear (rather than linear) in the cumulative collective contribution. In addition, when the impatience differential is large enough, the patient individuals (rather than impatient individuals) reduce the contributions as the project progresses toward completion. Finally, the project is completed earlier (rather than later) as we increase the difference in impatience.</p>\n </div>","PeriodicalId":47024,"journal":{"name":"Journal of Public Economic Theory","volume":"27 1","pages":""},"PeriodicalIF":0.9000,"publicationDate":"2024-12-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Public Economic Theory","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/jpet.70012","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
This corrigendum amends the main results in Bhattacharya et al., henceforth BTS. We show that the closed-form solution in Proposition 3 of BTS is incorrect, and the individual contributions are nonlinear (rather than linear) in the cumulative collective contribution. In addition, when the impatience differential is large enough, the patient individuals (rather than impatient individuals) reduce the contributions as the project progresses toward completion. Finally, the project is completed earlier (rather than later) as we increase the difference in impatience.
期刊介绍：
As the official journal of the Association of Public Economic Theory, Journal of Public Economic Theory (JPET) is dedicated to stimulating research in the rapidly growing field of public economics. Submissions are judged on the basis of their creativity and rigor, and the Journal imposes neither upper nor lower boundary on the complexity of the techniques employed. This journal focuses on such topics as public goods, local public goods, club economies, externalities, taxation, growth, public choice, social and public decision making, voting, market failure, regulation, project evaluation, equity, and political systems.
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