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This paper models nonprofit entrepreneurship as the equilibrium outcome of a multistage game among individuals who would like a public good to be provided.. The model predicts that if individuals will voluntarily contribute towards provision of the public good, then it is in the private interest...
Persistent link: https://www.econbiz.de/10005412932
Who will do a job that nobody wants but that someone has to do? The search for a volunteer is modelled as a war of attrition in which everyone is tempted to just wait for someone else to do it. We show that the volunteer will be, ceteris paribus, the individual for whom the benefit/cost ratio of...
Persistent link: https://www.econbiz.de/10005556976