Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/40662 
Erscheinungsjahr: 
2008
Schriftenreihe/Nr.: 
Nota di Lavoro No. 2008,23
Verlag: 
Fondazione Eni Enrico Mattei (FEEM), Milano
Zusammenfassung: 
We consider a two-stage public goods provision game: In the first stage, players simultaneously decide if they will join a contribution group or not. In the second stage, players in the contribution group simultaneously offer contribution schemes in order to influence the government's choice on the level of provision of public goods. Using perfectly coalition-proof Nash equilibrium (Bernheim, Peleg and Whinston, 1987 JET), we show that the set of equilibrium outcomes is equivalent to an 'intuitive' hybrid solution concept, the free-riding-proof core, which is always nonempty but does not necessarily achieve global efficiency. It is not necessarily true that an equilibrium lobby group is formed by the players with highest willingness-to-pay, nor is it a consecutive group with respect to their willingnesses-to-pay. We also show that the equilibrium level of public goods provision shrinks to zero as the economy is replicated.
Schlagwörter: 
Common Agency
Public Good
Free Rider
Core
Lobby
Coalition Formation
Coalition-proof Nash Equilibrium
JEL: 
C71
C72
F13
H41
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
515.25 kB





Publikationen in EconStor sind urheberrechtlich geschützt.