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A strategic market game approach for the private provision of public goods
Faias, Marta; Emma Moreno-garcía; Wooders, Myrna - Vanderbilt University Department of Economics - 2012
a new existence of private-provision equilibrium. … relying on first order conditions, the authors demonstrate existence of Nash equilibrium and an extension of Warr's neutrality … result - any redistribution of endowment that left the set of contributors unchanged would induce a new equilibrium with the …
Persistent link: https://www.econbiz.de/10010603811
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A strategic market game approach for the private provision of public goods
Faias, Marta; Moreno-García, Emma; Wooders, Myrna - Vanderbilt University Department of Economics - 2012
a new existence of private-provision equilibrium. … relying on first order conditions, the authors demonstrate existence of Nash equilibrium and an extension of Warr's neutrality … result - any redistribution of endowment that left the set of contributors unchanged would induce a new equilibrium with the …
Persistent link: https://www.econbiz.de/10011168562
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A Strategic Market Game Approach for the Private Provision of Public Goods
Faias, Marta; Moreno-Garcia, Emma; Wooders, Myrna - Vanderbilt University Department of Economics - 2012
a new existence of private-provision equilibrium. … relying on first order conditions, the authors demonstrate existence of Nash equilibrium and an extension of Warr's neutrality … result - any redistribution of endowment that left the set of contributors unchanged would induce a new equilibrium with the …
Persistent link: https://www.econbiz.de/10010550744
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A Strategic market game approach for the private provision of public goods
Faias, Marta; Moreno, Emma; Wooders, Myrna - Volkswirtschaftliche Fakultät, … - 2009
a new existence of private-provision equilibrium. … relying on first order conditions, the authors demonstrate existence of Nash equilibrium and an extension of Warr's neutrality … result -- any redistribution of endowment that left the set of contributors unchanged would induce a new equilibrium with the …
Persistent link: https://www.econbiz.de/10011108853
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Consuming your way to efficiency: Public goods provision through non-distortionary tax lotteries
Giebe, Thomas; Schweinzer, Paul - In: European Journal of Political Economy 36 (2014) C, pp. 1-12
, an appropriately designed lottery can implement an efficient allocation in pure-strategy Nash equilibrium. The lottery …
Persistent link: https://www.econbiz.de/10010939869
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THE PEDESTRIAN PRINCIPLE FOR DIFFERENTIAL GAMES
STOCKBRIDGE, RICHARD H.; ZHENG, ZIYU - In: International Game Theory Review (IGTR) 08 (2006) 04, pp. 715-737
means of dynamically implementing the equilibrium strategy in a single game. Our formulation emphasizes the distinction … a dynamic one. Existence of Nash equilibrium in the class of mixed strategies is proved for non …
Persistent link: https://www.econbiz.de/10005050946
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Rethinking WTO Trade Sanctions
Charnovitz, Steve - 2004
The paper presents an outline of the issues and a preliminary appraisal of the use of trade sanctions by the World Trade Organization (WTO) as a means of promoting compliance by parties. The WTO is unique among intergovernmental organizations (IGOs) in using trade sanctions to enforce...
Persistent link: https://www.econbiz.de/10012739187
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Research and Science Today Supplement No.1(3)/2012
Bădilă, Andreea Iuliana; Sucilă căs. Pahoni, Cipriana; … - Volkswirtschaftliche Fakultät, … - 2012
Research and Science Today Journal is a publication founded in 2011 and it is dedicated to the students of all levels (license, master and doctoral) of faculties in the country and abroad. We want to offer the participants the opportunity to present their scientific works in the following areas:...
Persistent link: https://www.econbiz.de/10011259935
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On the strategic non-complementarity of complements
Gregor, Martin - In: Economics Bulletin 8 (2008) 3, pp. 1-7
This paper examines the equilibrium provision of a public good if the private monetary contributions of identical … symmetry of the equilibrium for any impure complementarity if each agent is permitted to contribute to any input in the … equilibrium, contributions are strategic substitutes. Only pure complementarity exhibits multiple equilibria, where contributions …
Persistent link: https://www.econbiz.de/10005110729
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On the strategic non-complementarity of complements
Gregor, Martin - In: Economics Bulletin 8 (2008) 3, pp. 1-7
This paper examines the equilibrium provision of a public good if the private monetary contributions of identical … symmetry of the equilibrium for any impure complementarity if each agent is permitted to contribute to any input in the … equilibrium, contributions are strategic substitutes. Only pure complementarity exhibits multiple equilibria, where contributions …
Persistent link: https://www.econbiz.de/10010630017