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We develop a simple scheme for the provision of public good and show that, under certain conditions, the equilibrium provision of the public good is at the efficient level. Our scheme is based on conventional games of private provision of the public good with an exogenously given cost structure...
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Conditions α and β are two well-known rationality conditions in the theory of rational choice. This paper examines the implication of weaker versions of these two rationality conditions in the context of solutions to non-convex bargaining problems. It is shown that, together with the standard...
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