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Public good provision in a repeated game: The role of small fixed costs of participation

โœ Scribed by Paul Pecorino; Akram Temimi


Publisher
Springer US
Year
2006
Tongue
English
Weight
251 KB
Volume
130
Category
Article
ISSN
0048-5829

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โœ Shmuel Nitzan ๐Ÿ“‚ Article ๐Ÿ“… 1994 ๐Ÿ› Springer ๐ŸŒ English โš– 314 KB

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