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goods and externalities - III. Efficiency analysis - IV. Fiscal competition and optimality. … processes for public and private goods - II. Environment, public goods and externalities - III. Efficiency analysis - IV. Fiscal …-type processes to determine feasible paths to efficiency and coalitional stability - CLIMNEG World Simulation model to explore …
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We use a simple balanced budget contest to collect taxes on a private good in order to finance a pure public good. We show that-with an appropriately chosen structure of winning probabilities-this contest can provide the public good efficiently and without distorting private consumption. We...
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Suppose Owner can improve his property at a cost of 15, thereby creating benefits of 10 for himself and 10 for his Neighbors. Since each Neighbor expects to reap the benefits regardless of whether she pays Owner or not for this enhancement, all Neighbors may refuse to share the burden and the...
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Viewing individual contributions as investments in emission reduction we rely on the familiar linear public goods-game to set global reduction targets which, if missed, imply that all payoffs are destroyed with a certain probability. Regulation by milestones does not only impose a final...
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