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Persistent link: https://www.econbiz.de/10013366080
We consider a stochastic game of contribution to the common good in which the players have continuous control over the degree of contribution, and we examine the gradualism arising from the free rider effect. This game belongs to the class of variable concession games which generalize wars of...
Persistent link: https://www.econbiz.de/10012897105
In the game of investment in the common good, the free rider problem can delay the stakeholders' actions in the form of a mixed strategy equilibrium. However, it has been recently shown that the mixed strategy equilibria of the stochastic war of attrition are destabilized by even the slightest...
Persistent link: https://www.econbiz.de/10013307141