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We consider a two-stage public goods provision game: In the first stage, players simultaneously decide if they will join a contribution group or not. In the second stage, players in the contribution group simultaneously offer contribution schemes in order to influence the government's choice on...
Persistent link: https://www.econbiz.de/10014219141
We consider a (pure) public goods provision problem with voluntary participation in a quasi-linear economy. We propose a new hybrid solution concept, the free-riding-proof core (FRP-Core), which endogenously determines a contribution group, public goods provision level, and how to share the...
Persistent link: https://www.econbiz.de/10009153947
We study a simple contracting game with a principal and two agents. Contracts exert an externalities on non contractors. The principal can either contract both agents in a centralized manner, or delegate one agent to contract the other. We show that the choice of the principal depends on the...
Persistent link: https://www.econbiz.de/10014054349
This paper examines a class of three-agent games with a principal and two identical agents. The role of the principal is to facilitate efficient outcomes for the two agents which are not feasible in his absence. Our results show that imposing a mediator or "facilitator" on "any" two person...
Persistent link: https://www.econbiz.de/10014074284
This paper proposes a model for multilateral contracting, where contracts are written and renegotiated over time, and where contracts may impose externalities on other agents. The paper derives several properties of the Markov perfect equilibria of the infinite state-space contracting model....
Persistent link: https://www.econbiz.de/10014029064
We consider a (pure) public goods provision problem with voluntary participation in a quasi-linear economy. We propose a new hybrid solution concept, the free-riding-proof core (FRP-Core), which endogenously determines a contribution group, public goods provision level, and how to share the...
Persistent link: https://www.econbiz.de/10011694996
Persistent link: https://www.econbiz.de/10010398919
Persistent link: https://www.econbiz.de/10012126473
Persistent link: https://www.econbiz.de/10014634065
This paper proposes a comprehensive perspective on the question of self-enforcing solutions for normal form games. While this question has been widely discussed in the literature, the focus is usually either on strict incentives for players to stay within the proposed solution or on strategic...
Persistent link: https://www.econbiz.de/10012029170