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Persistent link: https://www.econbiz.de/10005355474
In an economy with voluntarily provided public goods and private product varieties, and a general class of CES preferences, it is shown that aggregate public good contribution follows an inverted-U pattern with respect to group size when private and public goods are substitutable in preferences....
Persistent link: https://www.econbiz.de/10011076551
An adversarial model of criminal trial is considered with three verdict choices--innocent, guilty of moderate crime, and guilty of serious crime. Depending on the parties' access to evidence and initial beliefs in the courtroom about the possible crimes, the judge may agree to the defendant's...
Persistent link: https://www.econbiz.de/10005564683
Anton and Yao (1989) show that in split-award procurement auctions bidders coordinate their bids to sustain high buyer price. We relax their assumption that the buyer has full information about the suppliers’ production costs and restore the coordination outcome.
Persistent link: https://www.econbiz.de/10010784973