Influence networks and public goods

We consider a model of local public goods in a random network context. The influence network determines (exogenously) who observes whom every period and comprises a wide array of options depending on the degree distribution and the in/out-degree correlations. We show that there exists a unique equilibrium level of public good provision and compare it with the efficient level. We derive further insights for this problem by performing a comparative statics analysis.

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Year of publication:	2017
Authors:	López-Pintado, Dunia
Published in:	SERIEs - Journal of the Spanish Economic Association. - Heidelberg : Springer, ISSN 1869-4195. - Vol. 8.2017, 1, p. 97-112
Publisher:	Heidelberg : Springer
Subject:	Influence networks \| Public goods \| Out-degree \| In-degree \| Best-shot game

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	10.1007/s13209-016-0152-7 [DOI] 889789762 [GVK] hdl:10419/195288 [Handle]
Classification:	D85 - Network Formation ; H41 - Public Goods
Source:	EconStor

Persistent link: https://www.econbiz.de/10011994633