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Bidding for the Surplus: Realizing Efficient Outcomes in General Economic Environments
Mutuswami, Suresh; Pérez-Castrillo, David; Wettstein, David - Departament d'Economia i Història Econòmica, … - 2001
In this paper, we consider two classes of economic environments. In the first type, agents are faced with the task of providing local public goods that will benefit some or all of them. In the second type, economic activity takes place via formation of links. Agents need both to both form a...
Persistent link: https://www.econbiz.de/10005247858
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Contributing or free-riding? : voluntary participation in a public good economy
Furusawa, Taiji; Konishi, Hideo - 2011
We consider a (pure) public goods provision problem with voluntary participation in a quasi-linear economy. We propose a new hybrid solution concept, the free-riding-proof core (FRP-Core), which endogenously determines a contribution group, public goods provision level, and how to share the...
Persistent link: https://www.econbiz.de/10009153947
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Bayesian repeated games and reputations
Forges, Françoise; Salomon, Antoine - 2014
Under appropriate assumptions (private values and uniform punishments), the Nash equilibria of a Bayesian repeated game without discounting are payoff-equivalent to tractable, completely revealing, equilibria and can be achieved as interim cooperative solutions of the initial Bayesian game. This...
Persistent link: https://www.econbiz.de/10010256693
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Contributing or free-riding? : voluntary participation in a public good economy
Furusawa, Taiji; Konishi, Hideo - In: Theoretical economics : TE ; an open access journal in … 6 (2011) 2, pp. 219-256
We consider a (pure) public goods provision problem with voluntary participation in a quasi-linear economy. We propose a new hybrid solution concept, the free-riding-proof core (FRP-Core), which endogenously determines a contribution group, public goods provision level, and how to share the...
Persistent link: https://www.econbiz.de/10011694996
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Consumer Preferences, Citizen Preferences, and the Provision of Public Goods
Lewinsohn-Zamir, Daphna - 2015
A standard justification for state intervention and regulation is the market failure known as public goods. Assuming the private market cannot appropriately react to the true demand for public goods, the regulator must decide which goods to supply and in what quantity. A regulator wishing to...
Persistent link: https://www.econbiz.de/10014219707
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Chapter 3. Property Rights, Public Goods and the Environment
Starrett, David A. - In: Handbook of environmental economics : volume 1, …, (pp. 97-125). 2003
We delineate the various ways in which rights to environmental and other resources can be assigned to individuals or groups. We then examine models of individual and group interactions, drawing out their implications for the ways in which resources will be utilized and managed under various...
Persistent link: https://www.econbiz.de/10014023942
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The Egalitarian Sharing Rule in Provision of Public Projects
Bogomolnaia, Anna; Le Breton, Michel; Savvateev, Alexei V. - 2005
In this note we consider a society that partitions itself into disjoint jurisdictions, each choosing a location of its public project and a taxation scheme to finance it. The set of public project is multi-dimensional, and their costs could vary from jurisdiction to jurisdiction. We impose two...
Persistent link: https://www.econbiz.de/10014066238
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Recognizing and Resolving Social Dilemmas in Supply-Chain Public-Private Partnerships
McCarter, Matthew W.; Fudge Kamal, Darcy - 2016
conversation of public-private partnerships, we examine the dynamics and psychology of cooperation necessary for public …
Persistent link: https://www.econbiz.de/10014165211
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The choice of institutions to solve cooperation problems : a survey of experimental research
Dannenberg, Astrid; Gallier, Carlo - 2019
A growing experimental literature studies the endogenous choice of institutions to solve cooperation problems arising … of institutional choice. Almost all institutions improve cooperation if they are implemented, but they are not always … identified as important determinants of institutional choice. Cooperation tends to be higher under endogenously chosen …
Persistent link: https://www.econbiz.de/10012010446
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The choice of institutions to solve cooperation problems : a survey of experimental research
Dannenberg, Astrid; Gallier, Carlo - 2019
A growing experimental literature studies the endogenous choice of institutions to solve cooperation problems arising … of institutional choice. Almost all institutions improve cooperation if they are implemented, but they are not always … identified as important determinants of institutional choice. Cooperation tends to be higher under endogenously chosen …
Persistent link: https://www.econbiz.de/10012010646