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Persistent link: https://www.econbiz.de/10001269562
In a public good economy the distribution of initial income is an important determinant of how many individuals contribute to the public good. For the case when all individuals have identical preferences in this paper a simple formula is derived that describes the proportion of all income...
Persistent link: https://www.econbiz.de/10001781439
Persistent link: https://www.econbiz.de/10002372761
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/10013149366
Persistent link: https://www.econbiz.de/10014336491
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
Persistent link: https://www.econbiz.de/10003359129
In a public good economy the distribution of initial income is an important determinant of how many individuals contribute to the public good. For the case when all individuals have identical preferences in this paper a simple formula is derived that describes the proportion of all income...
Persistent link: https://www.econbiz.de/10011508069
It is known that a Lindahl equilibrium is not necessarily Pareto-superior to the non-cooperative Cournot-Nash outcome. This paper derives conditions under which the Lindahl Pareto-dominates the Cournot-Nash solution. We show that all are better off in the Lindahl equilibrium as compared to the...
Persistent link: https://www.econbiz.de/10014063485
It is explored in this paper how – depending on the agents' preferences – an unequal income distribution may lead to a higher public good supply in a non-cooperative Nash equilibrium than in a cooperative Lindahl equilibrium that arises from a balanced income distribution. The degree of...
Persistent link: https://www.econbiz.de/10012390943