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In this paper we show how the Kolm triangle method, which is a standard tool for visualizing allocations in a public good economy, can also be used to provide a diagrammatical exposition of matching mechanisms and their effects on public good supply and welfare. In particular, we describe, on...
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to the normative and positive theory of public goods provision. First, it is a price based mechanism achieving efficient …
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This paper analyzes the private provision of public goods where consumers interact within a fixed network structure and may benefit only from their direct neighbors’ provisions. We present a proof for existence and uniqueness of a Nash equilibrium with general best-reply functions. Our...
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) precautionary savings and (ii) production externalities. By solving the Ramsey problem analytically along the entire transitional …
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