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This paper examines the questions of who participates in the provision of a public good through the voluntary participation of agents in the presence of strong complementarity between a public good and a private good. We show that the greater the initial endowment of the private good that agents...
Persistent link: https://www.econbiz.de/10010611062
The purpose of the paper is to provide a simple model explaining buyer-supplier relationships and show what factors determine the number of trading partners. We show that when the supplier is able to determine the number of trading partners, the optimal number is small if the supplier's...
Persistent link: https://www.econbiz.de/10009002720
We consider a public good provision game with voluntary participation. Agents participating in the game provide a public good and pay the fees according to a mechanism (allocation rule), while nonparticipants can free-ride on the participants. We examine how the equilibrium public good provision...
Persistent link: https://www.econbiz.de/10010889723
The strategic analysis of voluntary participation in the public good provision has shown two distinct results. First, when the provision of public goods is binary, there are Nash equilibria supporting efficient allocations, and these are Strong Nash equilibria of the game. On the other hand, a...
Persistent link: https://www.econbiz.de/10010998868
We examine a voluntary participation game in public good provision in which each agent has a demand level for the public good. The agent’s demand level is the minimum level of the public good from which she can receive a positive benefit. In this game, there exists a subgame perfect Nash...
Persistent link: https://www.econbiz.de/10011151962
In this study, a participation game in a mechanism to implement a public project is considered; in this game, agents decide simultaneously whether they will participate in the mechanism or not. We characterize the sets of participants at strict Nash equilibria, strong equilibria, and...
Persistent link: https://www.econbiz.de/10004992470
This paper examines the relationship between coalition-proof Nash equilibria based on different dominance relations. Konishi, Le Breton, and Weber (1999) pointed out that the set of coalition-proof Nash equilibria under weak domination does not necessarily coincide with that under strict...
Persistent link: https://www.econbiz.de/10004992560
Persistent link: https://www.econbiz.de/10005596465
Persistent link: https://www.econbiz.de/10005275579
We consider a public good provision game with voluntary participation. Agents participating in the game provide a public good and pay the fees according to a mechanism (allocation rule), while nonparticipants can free-ride on the participants. We examine how the equilibrium public good provision...
Persistent link: https://www.econbiz.de/10009319237