Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/78619
Authors: 
Sato, Kimitoshi
Year of Publication: 
2012
Citation: 
[Journal:] Journal of Economic Structures [ISSN:] 2193-2409 [Publisher:] SpringerOpen [Place:] Heidelberg [Volume:] 1 [Year:] 2012 [Pages:] 1-23
Abstract: 
The paper formulates a piecewise linearized version of the procedure developed by Sato (1983) and analyzes its properties. In so doing, Fujigaki's (1981) private goods economy is extended to involve a public good; and the intertemporal game of Champsaur and Laroque is piecewise localized by dividing the time interval in their game and by using variable step-sizes to formalize the piecewise linearized procedure, called ̈eMDP Procedure, that can possess similar desirable properties shared by continuous-time procedures. Under Nonmyopia assumption, each player's best reply strategy at any discrete date is to reveal his/her anticipated marginal rate of substitution for a public good at the end of a current time interval of the ̈eMDP Procedure.
Subjects: 
incentives
nonmyopia
piecewise linearized procedures
public goods
variable step-sizes
JEL: 
H41
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/2.0/
Document Type: 
Article

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