Kim, Jeong H.2015-06-242015-06-241988http://hdl.handle.net/10919/53549This research analyzes the long-lived public good/bad. The public good/bad is defined to ‘live long’ in the sense that the external effects of an action persist beyond the decision horizon of the actor. Thus, a very simple overlapping generations economy is modeled in which the agent lives for two periods while the public durable good/bad lasts indefinitely with deterioration/amelioration. Pareto optimality, the Lindahl equilibrium, and the theory of voluntary provision for this overlapping generations model are contrasted with those of the atemporal model.vi, 118 leavesapplication/pdfen-USIn CopyrightLD5655.V856 1988.K554Externalities (Economics)Public goodsDissertation