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(Mis-)Understanding Education Externalities

Mueller, Normann - Volkswirtschaftliche Fakultät, … - 2007

This article critically evaluates the current state of research on education externalities. It occurs that much of the confusion regarding their magnitude results from conceptual misunderstandings pertaining to their nature. The essay distinguishes the concepts education, teaching, and...

Persistent link: https://www.econbiz.de/10005623474

Choosing and Sharing

Laurent-Lucchetti, Jérémy; Leroux, Justin - Volkswirtschaftliche Fakultät, … - 2009

obstacles to achieving stable agreements. We address these issues by proposing the first mechanism to implement the efficient … mechanism is simple and in the vein of the well-known Divide and Choose procedure. The unique Nash equilibrium outcome of our … mechanism coincides with truthtelling, is budget-balanced, individually rational and immune to coalitional deviations. More …

Persistent link: https://www.econbiz.de/10004961502

Axiomatic foundation for Lindahl pricing in the NIMBY context

Laurent-Lucchetti, Jérémy; Leroux, Justin - Volkswirtschaftliche Fakultät, … - 2009

The siting of public facilities, such as prisons, airports or incinerators for hazardous waste typically faces social rejection by local populations (the "NIMBY" syndrome, for Not In My BackYard). These public goods exhibit a private bad aspect which creates an asymmetry: all involved...

Persistent link: https://www.econbiz.de/10004961519

Counterpunishment revisited: an evolutionary approach

Wolff, Irenaeus - Volkswirtschaftliche Fakultät, … - 2009

Evolutionary game theory has shown that in environments characterised by a social-dilemma situation punishment may be an adaptive behaviour. Experimental evidence closely corresponds to this finding but yields contradictory results on the cooperation-enhancing effect of punishment if players are...

Persistent link: https://www.econbiz.de/10005108461

On the legitimacy of coercion for the nancing of public goods

Bierbrauer, Felix - Volkswirtschaftliche Fakultät, … - 2009

The literature on public goods has shown that e?cient outcomes are impossible if participation constraints have to be respected. This paper addresses the question whether they should be imposed. It asks under what conditions e?ciency considerations justify that individuals are forced to pay for...

Persistent link: https://www.econbiz.de/10005026614

Public goods, participation constraints, and democracy: A possibility theorem

Grüner, Hans Peter - C.E.P.R. Discussion Papers - 2008

individually rational. However, the corresponding literature assumes that agents who veto a mechanism can enforce a situation in … efficient mechanism with a balanced budget. This possibility theorem is not universal in the sense of Schweizer (Games and …

Persistent link: https://www.econbiz.de/10005504573

A Note on Within-group Cooperation and Between-group Interaction in the Private Provision of Public Goods

Hattori, Keisuke - Volkswirtschaftliche Fakultät, … - 2011

Using a simple two-group model of the private provision of public goods, this paper investigates how endogenous formation of within-group cooperation is affected by different types and degrees of between-group interactions. We show that when between-group interactions are of the same directions...

Persistent link: https://www.econbiz.de/10009151606

A Strategic market game approach for the private provision of public goods

Faias, Marta; Moreno, Emma; Wooders, Myrna - Volkswirtschaftliche Fakultät, … - 2009

Bergstrom, Blume and Varian (1986) provides an elegant game-theoretic model of an economy with one private good and one public good. Strategies of players consist of voluntary contributions of the private good to public good production. Without relying on first order conditions, the authors...

Persistent link: https://www.econbiz.de/10011108853

Cursed beliefs with common-value public goods

Cox, Caleb - Volkswirtschaftliche Fakultät, … - 2014

I show how improper conditioning of beliefs can lead to under-contribution in public goods environments with interdependent values. I consider a simple model of a binary, excludable public good. In equilibrium, provision of the public good is good news about its value. Naive players who...

Persistent link: https://www.econbiz.de/10011109699

Rotten Parents and Disciplined Children: A Politico-Economic Theory of Public Expenditure and Debt

Song, Zheng Michael; Storesletten, Kjetil; Zilibotti, … - C.E.P.R. Discussion Papers - 2012

This paper proposes a dynamic politico-economic theory of fiscal policy in a world comprising a set of small open economies, whose driving force is the intergenerational conflict over debt, taxes, and public goods. Subsequent generations of voters choose fiscal policy through repeated elections....

Persistent link: https://www.econbiz.de/10011083405