CONTENTS
ABSTRACT = ⅱ
ACKNOWLEDGEMENTS = ⅲ
TABLE OF CONTENTS = ⅳ
Ⅰ. INTRODUCTION = 1
Overview of the Paper = 8
Ⅱ. KEY ECONOMIC CONCEPTS AND SELECTIVE APPLICATION TO THE PDB = 10
Seminal Articles and Issues = 10
Samuelson, Minasian, Buchanan, and Demsetz = 10
Competitive Supply and Price Discrimination : Demsetz, Thompson and Borcherding = 15
Demsetz's Beef and Hides Example = 21
Economic Issues and the PDB = 23
The Options = 26
Compensation = 27
Cheating the System = 35
The Nature of Originality : A Common Dilemma = 39
Newer Private Sector Alternatives = 41
Advertising = 44
Price Discrimination and the PDB = 47
Further points = 49
Ⅲ. THE BALANCE BETWEEN THE PDB AND PRIVATE PROVISION : CONSIDERATION OF ONE TYPE OF PUBLIC GOOD = 50
Private Provision : A Geometric Exposition Based on the Oakland Model = 51
Assumptions = 54
Analysis Assuming a Common and Fixed Market Price = 57
Considering Different Common-Market Prices = 59
Output Under a Fixed Common-Market Price = 61
Introducing Price Flexibility = 64
Variable MC = 70
HR Public Goods and the PDB = 72
The PDB and Increasing MC = 76
Mixed Public／Private Provision = 77
Mixed Public／Private Provision and Rising MC = 79
Section Summary = 80
Ⅳ. CONCLUSIONS = 82
Ⅴ. WORKS CITED = 84
Ⅵ. APPENDIX A : FIGURES = 86
Ⅶ. APPENDIX B : GLOSSARY OF NOTATION = 95
