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good economy, can also be used to provide a diagrammatical exposition of matching mechanisms and their effects on public … good supply and welfare. In particular, we describe, on the one hand, for which income distributions interior matching … equilibria result and, on the other hand, for which income distributions the agents voluntarily participate in a matching …
Persistent link: https://www.econbiz.de/10012016875
, given any income distribution within the interiority zone players can always implement small matching schemes to make them … beyond the interiority zone, there are no Pareto-improving matching equilibria. …Matching mechanisms have been proposed to mitigate underprovision of public goods in voluntary contribution models …
Persistent link: https://www.econbiz.de/10010938593
When providing public goods through voluntary contributions, a donor may introduce unilateral matching in order to … reduce underprovision of the public good and thus inefficiency. By itself, however, matching benefits the donor but harms the …
Persistent link: https://www.econbiz.de/10010371914
Matching mechanisms are regarded as an important instrument to bring about Pareto optimal allocations in a public good … interior matching equilibrium, however, emerges only under very special conditions. But we show in this note that corner … results by a simple numerical example. -- public goods ; matching ; Pareto optimality …
Persistent link: https://www.econbiz.de/10009011305
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When a deficit occurs in the funding of collective goods, it is usually covered by raising the amount of taxes or by rationing the supply of the goods. This article compares the efficiency of these institutions. We report the results of a 2x2 experiment based on a game in the first stage of...
Persistent link: https://www.econbiz.de/10003561619
In this paper I examine the relationship between Pareto-optimality and group size in linear public goods games or experiments. In particular, I use the standard setting of homogeneous linear public goods experiments and apply a recently developed tool to identify all Pareto-optimal allocations...
Persistent link: https://www.econbiz.de/10009374373