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Consider a mechanism for the binary public good provision problem that is dominant strategy incentive compatible (DSIC), ex-post individually rational (EPIR), and ex-post budget balanced (EPBB). Suppose this mechanism has the additional property that the utility from participating in the...
Persistent link: https://www.econbiz.de/10011435962
In this paper, we propose a game in which each player decides with whom to establish a costly connection and how much local public good is provided when benefits are shared among neighbors. We show that, when agents are homogeneous, Nash equilibrium networks are nested split graphs....
Persistent link: https://www.econbiz.de/10012591497
Persistent link: https://www.econbiz.de/10012940636
This paper studies adaptive learning in the class of weighted network games. This class of games includes applications like research and development within interlinked firms, crime within social networks, the economics of pollution, and defense expenditures within allied nations. We show that...
Persistent link: https://www.econbiz.de/10012944776
The present paper fully characterizes equilibria of a generalized Volunteer's Dilemma game, which is an integration of the volunteer's dilemma game and the step-level public goods game with binary decision. We also examined the explanatory power of a widely accepted model with bounded...
Persistent link: https://www.econbiz.de/10013028952
I examine how uncertainty in the size of the relevant population affects the voluntary contribution of public goods. I analyze a case where the marginal production of public goods is decreasing and convex, and agents' social preferences, if any, are irrelevant to the population size. When the...
Persistent link: https://www.econbiz.de/10012937461
In this paper we demonstrate how the impure public good model can be converted into a pure public good model with satiation of private consumption, which can be handled more easily, by using a variation of the aggregative game approach as devised by Cornes and Hartley (2007). We point out the...
Persistent link: https://www.econbiz.de/10012420830
We examine a voluntary participation game in public good provision in which each agent has a demand level for the public good. The agent's demand level is the minimum level of the public good from which she can receive a positive benefit. In this game, there exists a subgame perfect Nash...
Persistent link: https://www.econbiz.de/10014040512
We propose the minimum approval mechanism (MAM) for a standard linear public good environment with two players. Players simultaneously and privately choose their contributions to the public good in the first stage. In the second stage, they simultaneously decide whether to approve the other’s...
Persistent link: https://www.econbiz.de/10014157950
We consider a two-stage public goods provision game: In the first stage, players simultaneously decide if they will join a contribution group or not. In the second stage, players in the contribution group simultaneously offer contribution schemes in order to influence the government's choice on...
Persistent link: https://www.econbiz.de/10014219141