Showing 1 - 10 of 11,347
, an appropriately designed lottery can implement an efficient allocation in pure-strategy Nash equilibrium. The lottery …
Persistent link: https://www.econbiz.de/10013068486
contributions. They coincide in yielding efficient outcomes. Our focal equilibrium notions are the Multiplicative Kantian Equilibrium … in the Kant-Roemer modelling and the Balanced Linear Cost Share Equilibrium for the Wicksell-Lindahl approach. It turns …
Persistent link: https://www.econbiz.de/10013238319
This paper extends theory and experimentation in the context of two parties in a group who contribute to a public good with a provision point. This study analyzes the voluntary contributions game in which a public good is provided if and only if the sum of contributions meets or exceeds a...
Persistent link: https://www.econbiz.de/10011577030
I show that the weather condition on election day affects future fiscal policy. When it rains during state elections, there is an increase in the relative income of voters, which is followed by an increase in expenditure and debt. The increase in expenditure is directed towards a larger police...
Persistent link: https://www.econbiz.de/10013417291
limit point of a subgame perfect equilibrium path. Necessary conditions are derived for achievability under relatively …
Persistent link: https://www.econbiz.de/10011686703
We consider a model of a single defendant and N plaintiffs where the total cost of litigation is fixed on the part of the plaintiffs and shared among the members of a suing coalition. By settling and dropping out of the coalition, a plaintiff therefore creates a negative externality on the other...
Persistent link: https://www.econbiz.de/10010383020
We examine the role of cooperative preferences, beliefs, and punishments to uncover potential cross-societal differences in voluntary cooperation. Using one-shot public goods experiments in four comparable subject pools from the US and the UK (two similar Western societies) and Morocco and...
Persistent link: https://www.econbiz.de/10014335871
We provide a framework to uncover behavioural mechanisms driving potential cross-societal differences in voluntary cooperation. We deploy our framework in one-shot public goods experiments in the US and the UK, and in Morocco and Turkey. We find that cooperation is higher in the US and UK than...
Persistent link: https://www.econbiz.de/10012549763
This paper analyzes the extent to which international public goods and agency problems are present in international organizations. A noncooperative model of the funding choices of donor countries and the subsequent policy choices of an international agency is used to develop hypotheses about the...
Persistent link: https://www.econbiz.de/10012721538
This paper studies constitutional restrictions on the tax base that protect future generations from expropriation and improve the optimality of investment in Intergenerational Public Goods (IPGs). The choice of the tax base matters because it affects how intergenerational (IG) spillovers are...
Persistent link: https://www.econbiz.de/10014111390