Dynamic voluntary provision of public goods with uncertainty: a stochastic differential game model
β Scribed by Wang, Wen-Kai ;Ewald, Christian-Oliver
- Publisher
- Springer
- Year
- 2009
- Weight
- 721 KB
- Volume
- 33
- Category
- Article
- ISSN
- 1127-1035
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A discrete-time dynamic production/distribution problem for a commodity is considered, comprising several delivery points. At each time, only the global amount of the demand is known, whereas the demand at each delivery point is only bounded above. The system has both production and transportation c
This paper focuses on one possible measure for the severity of the problems of inefficiency, suboptimality and the Prisoner's Dilemma in voluntary public-good provision. The proposed measure is the probability of the emergence of the respective problem in an impartial environment where all feasible