Showing 1 - 10 of 151
Persistent link: https://www.econbiz.de/10003992877
Persistent link: https://www.econbiz.de/10003962779
This paper analyzes the private provision of public goods where consumers interact within a fixed network structure and may benefit only from their direct neighbors' provisions. We present a proof for existence and uniqueness of a Nash equilibrium with general best-reply functions. Our...
Persistent link: https://www.econbiz.de/10009501125
Persistent link: https://www.econbiz.de/10009745715
Despite a widespread interest in the warm glow model [Andreoni (1989,1990)], surprisingly most attention focused on the voluntary contribution equilibrium of the model, and only very little attention has been devoted to the competitive equilibrium. In this paper, we introduce the notion of...
Persistent link: https://www.econbiz.de/10003827909
This paper deals with a core-equilibrium equivalence in an economy with public goods where preferences of consumers display warm glow effects. We demonstrate that provided that each consumer becomes satiated to other consumers provision, it holds that, for a sufficiently large economy, the set...
Persistent link: https://www.econbiz.de/10003827913
Persistent link: https://www.econbiz.de/10002490947
Persistent link: https://www.econbiz.de/10002638657
Persistent link: https://www.econbiz.de/10001703967
Persistent link: https://www.econbiz.de/10001631160