The likelihood of inefficiency, a prison
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Shmuel Nitzan
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Article
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1994
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Springer
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English
โ 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