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In a production economy, multiple public goods are produced by firms in competitive markets, and provided by the government together with contributions from consumers. There are widespread externalities: all consumers' consumption and contributions and all firms' production enter into utility...
Persistent link: https://www.econbiz.de/10005388257
We study the formation of coalitions that provide public goods to members. Individuals are linked on a tree graph and those with similar preferences are connected on the tree. We present a solution that selects allocations belonging to the coalition structure core and that are also envy-free.
Persistent link: https://www.econbiz.de/10005407611
<Para ID="Par1">We extend the single-crossing property to tree networks to facilitate its application in network games. It is equivalent to intermediate preferences and order restriction (also extended to networks). Moreover, to facilitate broader applications in real world cases and simulations, we develop...</para>
Persistent link: https://www.econbiz.de/10011241364
We study how individuals divide themselves into coalitions and choose a public alternative for each coalition. When preferences have consecutive support and coalition feasible sets are positively population- responsive, the proposed consecutive benevolence solution generates allocations...
Persistent link: https://www.econbiz.de/10005062349
We study the formation of coalitions that provide public goods to members. Individuals are linked on a tree graph and those with similar preferences are connected on the tree. We present a well-defined solution that selects envy-free allocations from the core. Copyright 2006 Blackwell...
Persistent link: https://www.econbiz.de/10005663084
The modern literature on city formation and development, for example the New Economic Geography literature, has studied the agglomeration of agents in size or mass. We investigate agglomeration in sorting or by type of worker, that implies agglomeration in size when worker populations differ by...
Persistent link: https://www.econbiz.de/10005623554
Various models, such as those used in the New Economic Geography literature, employ combinations of agglomerative and repulsive forces to generate equilibria with cities and agglomeration. Can classical asymmetric information in the labor market, in the form of adverse selection, result in an...
Persistent link: https://www.econbiz.de/10005616857
The modern literature on city formation and development, for example the New Economic Geography literature, has studied the agglomeration of agents in size or mass. We investigate agglomeration in sorting or by type of worker, that implies agglomeration in size when worker populations differ by...
Persistent link: https://www.econbiz.de/10005616887
Many local public goods are provided by coalitions and some of them have network effects. Namely, people prefer to consume a public good in a coalition with more members. This paper adopts the Drèze and Greenberg (1980) type utility function where players have preferences over goods as well as...
Persistent link: https://www.econbiz.de/10005550914
The modern literature on city formation and development, for example the New Economic Geography literature, has studied the agglomeration of agents in size or mass. We investigate agglomeration in sorting or by type of worker, that implies agglomeration in size when worker populations differ by...
Persistent link: https://www.econbiz.de/10005789316