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In this note I challenge the claim that if it is possible to successfully produce public goods on a voluntary, decentralized basis, it must also be possible on the same basis to create stable cartels capable of reaping monopoly gains and frustrating consumer sovereignty. My proposed solution is...
Persistent link: https://www.econbiz.de/10012935376
commitment. We find that an agent's degree of efficiency is a key determinant of control over project scopes. From a welfare … perspective, it may be desirable to allocate decision rights to the inefficient agent …
Persistent link: https://www.econbiz.de/10012936889
A lot of economic and social situations can be described as contests in which agents need to distribute scare resources. Individual behavior plays an important role within these situations, while identity strongly impacts on behavior. This paper asks how group identity impacts the provision of a...
Persistent link: https://www.econbiz.de/10012945786
commitment. We find that an agent's degree of efficiency is a key determinant of control over project scopes. From a welfare … perspective, it may be desirable to allocate decision rights to the inefficient agent …
Persistent link: https://www.econbiz.de/10012980151
We consider how group size affects the private provision of a public good with non-refundable binary contributions. A fixed amount of the good is provided if and only if the number of contributors reaches an exogenous threshold. The threshold, the group size, and the identical, non-refundable...
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