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We address the coordination problem of individuals deciding to join an association that provides a public good and selective benefits to its members, when ability of the association to fulfill its purposes depends on membership size. In a global game formulation, we show that a unique...
Persistent link: https://www.econbiz.de/10005128071
In a repeated-interaction public goods economy, dynamic behavior may affect the efficiency of various mechanisms thought to be efficient in one-shot games. Inspired by results obtained in previous experiments, the current paper proposes a simple best response model in which players' beliefs are...
Persistent link: https://www.econbiz.de/10005487373
Persistent link: https://www.econbiz.de/10005487384
We consider the class of Bayesian environments with independent types, and utility functions which are both quasi-linear in a private good and linear in a one-dimensional private-value type parameter. We call these "independent linear environments". For these environments, we fully characterize...
Persistent link: https://www.econbiz.de/10005654742