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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
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
In this paper we show how the Kolm triangle method, which is a standard tool for visualizing allocations in a public good economy, can also be used to provide a diagrammatical exposition of matching mechanisms and their effects on public good supply and welfare. In particular, we describe, on...
Persistent link: https://www.econbiz.de/10012016875
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
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
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, a simple formula is derived in this paper which describes the proportion of all income...
Persistent link: https://www.econbiz.de/10013319861
Persistent link: https://www.econbiz.de/10015100535
Persistent link: https://www.econbiz.de/10001432373