Showing 1 - 2 of 2
Persistent link: https://www.econbiz.de/10011068501
In provision point mechanism, the cost threshold for provision introduces incentives for individuals to contribute toward the public good and, in general, the Pareto efficient outcome is a subset of equilibrium outcomes. However, the threshold cannot eliminate the pure free-rider equilibrium...
Persistent link: https://www.econbiz.de/10011068718