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We develop a model that combines competitive exchange of private commodities across endogenously formed groups with public good provision and global collective decisions. There is a tension between local and global collective decisions. In particular, we show that group formation and collective...
Persistent link: https://www.econbiz.de/10010399075
Die vorliegende Arbeit untersucht die Aufteilung eines Budgets auf mehrere öffentliche Güter mittels einer Abstimmung. Hierzu betrachten wir Abstimmungsregeln, unter denen jeder Agent eine Budgetaufteilung vorschlägt und dann aus diesen Vorschlägen eine Budgetaufteilung (Allokation) bestimmt...
Persistent link: https://www.econbiz.de/10012654078
We develop and test a theory of voting and turnout decisions that integrates self-interest, social preferences, and …
Persistent link: https://www.econbiz.de/10011645032
We develop and test a theory of voting and turnout decisions that integrates self-interest, social preferences, and …
Persistent link: https://www.econbiz.de/10011657009
reason is that informal sanctions achieve more efficient outcomes than theory predicts, especially when the mechanism is …
Persistent link: https://www.econbiz.de/10014186286
We study the problem of providing two public goods on tree networks, in which each agent has a single-peaked preference. We show that if the number of agents is at least four, then there exists no social choice rule that satisfies efficiency and replacement-domination. In fact, it is shown that...
Persistent link: https://www.econbiz.de/10014195933
This paper studies the possibility of secure implementation (Saijo, T., T. Sjöström, and T. Yamato (2007) "Secure Implementation," Theoretical Economics 2, pp. 203-229) in divisible and non-excludable public good economies with quasi-linear utility functions. Although Saijo, Sjöström, and...
Persistent link: https://www.econbiz.de/10013006248
This paper considers a mechanism where provider of public good reflects donor's preference on public good. When asking individuals and private companies to contribute for certain public good, it is widely known that the total contributions result in under-provision. Among a lot of...
Persistent link: https://www.econbiz.de/10013022683
management, and to understand, in the light of economic theory, the mode of operation of the factors involved whenever possible … inequality since this has remained a rather confused issue in much of the empirical literature. Economic theory can contribute …
Persistent link: https://www.econbiz.de/10014023941
The ability of groups to implement efficiency-enhancing institutions is emerging as a central theme of research in economics. This paper explores voting on a scheme of intergroup competition which facilitates cooperation in a social dilemma situation. Experimental results show that the...
Persistent link: https://www.econbiz.de/10013102829