We suggest an alternative way of analyzing the canonical Bergstrom-Blume-Varian model of non-cooperative voluntary contributions to a public goodthat avoids the proliferation of dimensions as the number of players is in-creased. We exploit this approach to analyze models in which the...

We present a rigorous, yet elementary, demonstration of the existence of a uniqueLindahl equilibrium under the assumptions that characterize the standard n-player public goodmodel. Indeed, our approach, which exploits the aggregative structure of the public goodmodel, lends itself to a...

We extend the simple model of voluntary public good provision toallow for two or more public goods, and explore the new possibilitiesthat arise in this setting. We show that, when there are many publicgoods, voluntary contrib...

We exploit the aggregative structure of the public good modelto provide a simple analysis of the voluntary contribution game. Incontrast to the best response function approach, ours avoids the pro-liferation of dimensions as the number of players is increased, andcan readily analyse games...

In this study, we regard the oligopolistic-oligopsonistic markets within the framework of a“double auction” in which both buyers and sellers make bids. To this end, we introduce gameswhere declarations of supply and demand functions (which need not be true) are treated asstrategic variables...

Food products containing genetically modified (GM) ingredients have entered themarket over the past decade. The biotech industry and environmental groups have disseminatingconflicting private information about GM foods. This paper develops a unique methodology forvaluing independent third-party...

A model of English auction that allows jump bidding is proposed. When twoobjects are sold separately via such English auctions, I construct an equilibrium suchthat bidders signal via jump bids, thereby forming rational expectations of the priceswithout relying on any central mediator. This...

This paper investigates whether recourse to a consultant always enhances decision making. Advice given by a consultant changes the manager’s belief about his own decision-making ability. This change in belief alters the manager’s incentives to make a decision. Taking into account this...