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Chakravorty, Ujjayant; Hochman, Eithan; Umetsu, Chieko; … - 2005

Billions of dollars will be spent globally to upgrade water infrastructure in the coming years. The standard economic prescription is privatization and the introduction of water markets. A major lesson from the recent privatization debacle in electricity is that prescriptions for reform must...

Persistent link: https://www.econbiz.de/10014064538

Chapter 5 The Economic Theory of Gift-Giving: Perfect Substitutability of Transfers and Redistribution of Wealth

Mercier Ythier, Jean - In: Handbook of the economics of giving, altruism and …, (pp. 227-369). 2006

This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic … analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent … voluntary redistribution of income or wealth. The theory concentrates on lump-sum voluntary transfers, individual or collective …

Persistent link: https://www.econbiz.de/10014023678

Leadership in Dynamic Public Good Provision : Endogenous Growth and Inequality

Eichenseer, Michael - 2019

We explore how leadership affects a dynamic public goods game. Using an experimental setting where cooperation gains can be reinvested, our findings suggest that leadership has a positive impact on final wealth of the groups. Additionally, we also observe that leadership has a positive effect on...

Persistent link: https://www.econbiz.de/10012897774

Absolute vs. relative poverty and wealth : cooperation in the presence of between-group inequality

Levi, Eugenio; Ramalingam, Abhijit - 2023

While inequality in resource endowments has been shown to affect cooperation levels in groups, much of this evidence comes from studies of within-group inequality. In an online public goods experiment, we instead examine the effects of payoff-irrelevant inequality in resources between groups on...

Persistent link: https://www.econbiz.de/10014500522

Inequality, Coalitions and Collective Action

Bardhan, Pranab K.; Singh, Nirvikar - 2004

In a model where cooperation is beneficial, but subject to cheating, and is supported by trigger strategy punishments in a repeated game, we explore the relationship between the nature of cooperation (size and composition of coalitions) and underlying inequality in the distribution of private...

Persistent link: https://www.econbiz.de/10014071537

Existence and warr neutrality for matching equilibria in a public good economy : an aggregative game approach

Buchholz, Wolfgang; Cornes, Richard; Rübbelke, Dirk T. G. - 2009

Using the aggregative game approach as developed by Cornes and Hartley (2003, 2007) this paper analyzes the conditions under which matching mechanisms in a public good economy lead to interior matching equilibria in which all agents make strictly positive flat contributions to the public good....

Persistent link: https://www.econbiz.de/10003923234

Inequality Within Groups in Contests : Theory and Experimental Evidence

Trevisan, Francesco - 2020

. Then, we test the f i rst set of predictions in the lab. Unlike the theory, superstars or concentrated rewards alone do not …

Persistent link: https://www.econbiz.de/10014095527

Pareto improving climate policies : distributing the benefits across generations and regions

Hoel, Michael; Kittelsen, Sverre A. C.; Kverndokk, Snorre - 2015

Most studies show that the present generation has to take the burden and reduce consumption to mitigate future climate change. However, significant climate change is due to a market failure, and corrections of market failures give possibilities of Pareto improvements. In this paper, we study the...

Persistent link: https://www.econbiz.de/10011309590

Inequality hinders group efforts to avoid environmental disasters

Brown, Thomas C.; Kroll, Stephan - In: Q open : a journal of agricultural, climate, … 1 (2021) 1, pp. 1-16

Using a threshold public good experiment, we examine how varying degrees of inequality in resources and differences in risk of loss among players affect the success of group efforts to avoid a common loss. We find that when the poor face greater risk than the rich, contributions and success in...

Persistent link: https://www.econbiz.de/10013326557

Climate inequality : carbon capture for redistribution

Belfiori, Elisa; Macera, Manuel - 2024

We study optimal climate policy in a global economy where regions differ in wealth and climate vulnerability. Carbon emissions from production lead to output losses, and there is a technology for emissions absorption. We provide an aggregation result: the model with heterogeneity can be cast...

Persistent link: https://www.econbiz.de/10014632377