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We study games where voluntary contributions can be adjusted until a steady state is found. In consent games contributions start at zero and can be increased by consent, and in dissent games contributions start high and can be decreased by dissent. Equilibrium analysis predicts free riding in...
Persistent link: https://www.econbiz.de/10008552787
its potential as a mechanism for improving the living standards of the rural poor. The analysis suggests that the sector …
Persistent link: https://www.econbiz.de/10011107675
This paper unifies the theories of Nash implementation and Bayesian implementation in a single framework. Environments considered are such that each agent's characteristics include, in addition to a specification of his private information, a commonly known type parameter, while both attributes...
Persistent link: https://www.econbiz.de/10005790114