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Matching as a cure for underprovision of voluntary public good supply: Analysis and an example

Buchholz, Wolfgang; Cornes, Richard; Rübbelke, Dirk - 2011

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 …

Persistent link: https://www.econbiz.de/10010274970

Potentially harmful international cooperation on global public good provision

Buchholz, Wolfgang; Cornes, Richard; Rübbelke, Dirk - 2012

-called matching approaches. Matching schemes are regarded as providing a promising approach to overcome undersupply of public goods … like climate protection. The functioning of matching mechanisms in a setting with an incomplete agreement, i.e. a contract … by analyzing incomplete matching agreements in the context of international climate protection. We analyse their effect …

Persistent link: https://www.econbiz.de/10010283595

Linking of Repeated Games. When Does It Lead to More Cooperation and Pareto Improvements?

von Mouche, Pierre; Folmer, Henk - 2007

Linking of repeated games and exchange of concessions in fields of relative strength may lead to more cooperation and to Pareto improvements relative to the situation where each game is played separately. In this paper we formalize these statements, provide some general results concerning the...

Persistent link: https://www.econbiz.de/10010312472

Testing the Pareto efficiency of household resource allocations

Apps, Patricia; Rees, Ray - 2008

In a careful and thorough empirical study, Christopher Udry (1996) shows convincingly that, in a large sample of West African households, household resource allocations were not Pareto efficient. This paper argues that observation of the Pareto inefficiency of a household resource allocation...

Persistent link: https://www.econbiz.de/10010264378

An Afriat theorem for the collective model of household consumption

Cherchye, Laurens; De Rock, Bram; Vermeulen, Frederic - 2008

We provide a nonparametric 'revealed preference' characterization of rational household behavior in terms of the collective consumption model, while accounting for general (possibly non-convex) individual preferences. We establish a Collective Axiom of Revealed Preference (CARP), which provides...

Persistent link: https://www.econbiz.de/10010269151

Regulation of morally responsible agents with motivation crowding

Fünfgelt, Joachim; Baumgärtner, Stefan - 2012

We study the regulation of a morally responsible agent in the context of a negative consumption externality and motivation crowding. In particular, we analyze how various governmental interventions affect the agent's motivation to assume moral responsibility. Employing a motivation-crowding...

Persistent link: https://www.econbiz.de/10010294483

Auctions under Payoff Uncertainty: The Case with Heterogeneous Bidder-Aversion to Downside Risk

Hu, Audrey; Zou, Liang - 2008

This paper characterizes the optimal first-price auction (FPA) and second-price auction (SPA) for selling rights, contracts, or licenses that involve ensuing payoff uncertainty for the winning bidder. The distribution of the random payoff is common knowledge, except that bidders have private...

Persistent link: https://www.econbiz.de/10010325804

A utilitarian notion of responsibility for sustainability

Fünfgelt, Joachim; Baumgärtner, Stefan - 2012

We develop and formalize a utilitarian notion of responsibility for sustainability which is inspired by Singer's (1972) principle and the Brundtland Commission's notion ofsustainability (WCED 1987). We relate this notion of responsibility to established criteria forthe assessment of...

Persistent link: https://www.econbiz.de/10010281771

Pareto-optimal assignments by hierarchical exchange

Bade, Sophie - 2011

A version of the Second Fundamental Theorem of Welfare Economics that applies to a money-free environment, in which a set of indivisible goods needs to be matched to some set of agents, is established. In such environments, 'trade' can be identified with the set of hierarchical exchange...

Persistent link: https://www.econbiz.de/10010286694

Pareto-optimal matching allocation mechanisms for boundedly rational agents

Bade, Sophie - 2010

preferences. I investigate this question in an environment of matching allocation problems. There are two reasons for doing so … in any which way to obtain results on the welfare properties of trade. Secondly, some matching allocation mechanisms have …

Persistent link: https://www.econbiz.de/10010286707