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Cserne, Péter - 2018

public finance. He pointed out that certain goods such as free school lunches or subsidies to low cost housing did not have …

Persistent link: https://www.econbiz.de/10012928121

Focal points in multiple threshold public goods games : a single-project meta-analysis

Corazzini, Luca; Marini, Matteo M. - 2022

This paper is a single-project meta-analysis of four experiments that first model charitable giving as individual contributions to a multiplicity of competing threshold public goods. Given the centrality of the coordination dilemma as the number of recipients increases, we pool 15,936...

Persistent link: https://www.econbiz.de/10013484983

Chapter 5 The Economic Theory of Gift-Giving: Perfect Substitutability of Transfers and Redistribution of Wealth

Mercier Ythier, Jean - In: Handbook of the economics of giving, altruism and …, (pp. 227-369). 2006

voluntary redistribution of income or wealth. The theory concentrates on lump-sum voluntary transfers, individual or collective … transfers). It implies: (i) the Pareto-inefficiency of the non-cooperative interaction of individual altruistic transfers; (ii …) the neutralization of public transfers by individual altruistic transfers; (iii) and the crowding out of private …

Persistent link: https://www.econbiz.de/10014023678

Coase Minus the Coase Theorem - Some Problems with Chicago Transaction Cost Analysis

Schlag, Pierre - 2013

In law as well as economics, the most well-known aspect of Coase's “The Problem of Social Cost,” is the Coase Theorem. Over the decades, that particular notion has morphed into a crucial component of Chicago law and economics — namely, transaction cost analysis. In this Article, I...

Persistent link: https://www.econbiz.de/10013076720

A Network Approach to Public Goods

Elliott, Matthew - 2019

Suppose agents can exert costly effort that creates nonrival, heterogeneous benefits for each other. At each possible outcome, a weighted, directed network describing marginal externalities is defined. We show that Pareto efficient outcomes are those at which the largest eigenvalue of the...

Persistent link: https://www.econbiz.de/10012904900

Socially responsible investment in general equilibrium

Beltratti, Andrea - 2003

Socially responsible investment in analyzed in a general equilibrium context. This is important in order to understand the ultimate consequences of SRI on the decisions of economic agents. Building on models by Brock (1982) and Merton (1987), SRI is modelled as the choice to voluntarily give up...

Persistent link: https://www.econbiz.de/10011592922

Existence and Regularity of Equilibria in a General Equilibrium Model with Private Provision of a Public Good

Villanacci, Antonio; Zenginobuz, Ünal - 2006

We prove existence and generic regularity of equilibria in a general equilibrium model of a completely decentralized pure public good economy. Competitive firms using private goods as inputs produce the public good, which is privately provided by households. Previous studies on private provision...

Persistent link: https://www.econbiz.de/10014068959

An Intersection-Based Approach to Genericity Analysis for the Equilibrium Set, with an Application to the Lindahl Equilibrium

Nagata, Ryo - 2001

A simple and systematic approach to characterizing the equilibrium set so as to facilitate genericity analysis is presented. The basic idea is to describe the equilibrium set as the intersection of two sets (manifolds), each of which is respectively dependent on each element of the economy...

Persistent link: https://www.econbiz.de/10014149096

The Joint Benefits of Observed and Unobserved Punishment : Comment to Unobserved Punishment Supports Cooperation

Glöckner, Andreas; Kube, Sebastian; Nicklisch, Andreas - 2011

Laboratory experiments by Fudenberg and Pathak (2010), and Vyrastekova, Funaki and Takeuch (2008) show that punishment is able to sustain cooperation in groups even when it is observed only in the end of the interaction sequence. Our results demonstrate that the real power of unobserved...

Persistent link: https://www.econbiz.de/10014174950

Expanding Provision of Public Goods in Kenya : Economic Data

Kemboi, Leo Kipkogei - 2022

There are significant policy issues surrounding Kenya's economic data production, specifically the scope, timeliness, extent, and specificity of data produced by Kenya's statistical agency, and how economic policymakers treat the importance of this public good. Increasing the scope, timeliness,...

Persistent link: https://www.econbiz.de/10014082890