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This dissertation consists of three essays. In the first, we address the coordination problem that individuals face when deciding whether to pay a membership fee and join an association that provides a pure public good as well as selective benefits to its members, when the ability of the...
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We investigate the private provision of a public good whose level is determined by the maximum effort made by a group member. Costs of effort are either commonly known or privately known. For symmetric perfect-information games, any number of players may be active and we characterize the unique...
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We reconsider Laussel and Palfrey's analysis of private provision of discrete public goods via the subscription game. We show their semi-regular equilibria do not exist, casting doubt on their efficiency analysis. Taking players' values for the public good as uniformly distributed on <formula format="inline"> <file name="jpet_375_mu1.gif" type="gif" /> </formula>, we...
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We address the coordination problem of individuals deciding to join an association that provides a public good and selective benefits to its members, when ability of the association to fulfill its purposes depends on membership size. In a global game formulation, we show that a unique...
Persistent link: https://www.econbiz.de/10005128071
We analyze the coordination problem of agents deciding to join a group that uses membership revenues to provide a discrete public good and excludable benefits. The public good and the benefits are jointly produced, so that benefits are valued only if the group succeeds in providing the public...
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