Showing 1 - 10 of 137
been withdrawn. Inconsistency in experiencing audits across time clearly increases the difficulty of learning the true …
Persistent link: https://www.econbiz.de/10010899359
In this paper, we propose a definition of Edgeworth equilibrium for a private ownership production economy with (possibly infinitely) many private goods and a finite number of pure public goods. We show that Edgeworth equilibria exist whatever be the dimension of the private goods space, and can...
Persistent link: https://www.econbiz.de/10010750403
In a simple public good economy, we propose a natural bargaining procedure whose equilibria converge to Lindahl allocations as the cost of bargaining vanishes. The procedure splits the decision over the allocation in a decision about personalized prices and a decision about output levels for the...
Persistent link: https://www.econbiz.de/10010750409
equilibrium are sketched ; they are the condition for a predictive power of the theory and its ability to allow for statics … many commodities and to a continuum of agents, some examples show how economic theory can accommodate the main ideas in …
Persistent link: https://www.econbiz.de/10010750449
The body of literature on purely democratic countries can sometimes fail to explain the behavior of government in semi-democratic African countries. Empirical and theoretical political economic papers find that public funds target ruling party supporters and swing districts. Our results,...
Persistent link: https://www.econbiz.de/10010753932
A vast recent literature has stressed social fragmentation's negative impact on the provision of public goods. This is a key issue, given that public goods availability has been reckoned as crucial to economic development, while developing countries' societies often exhibit high degrees of...
Persistent link: https://www.econbiz.de/10010738478
A vast recent literature has stressed social fragmentation's negative impact on the provision of public goods. It has been established theoretically that social fragmentation engenders discord and thereby undermines public goods provision. Empirical research has produced mixed results about this...
Persistent link: https://www.econbiz.de/10010603677
In this paper we replicate and extend the experiment of Fehr and Gaechter (2000) that analyzes the effect of an …
Persistent link: https://www.econbiz.de/10008791705
that people “learn to play Nash” or something approaching it. To justify such anexplanation, an individual learning model … firstly to see what happens, if we follow the standard approach and test a learning model on the average data. We then look at …
Persistent link: https://www.econbiz.de/10008791760
Cette expérience sur les mécanismes de contribution volontaire à un bien public utilise une fonction de paiement qui définit l'optimum de Pareto à l'intérieur de l'espace stratégique des contributions. Deux optima sont comparés. L'un est défini à 30% de la contribution individuelle,...
Persistent link: https://www.econbiz.de/10008791764