Direct Provision Diary

The Provision of a Public Good with a direct Provision Technology and Large Number of Agents

This paper provides a limit result for the provision of a public good in a mechanism design framework as the number of agents gets large. A canonical example for a public good that is produced with a direct provision technology is Open Source Software. 1 Motivation Limit theorems for the provision of goods under asymmetric information about individual valuations with many agents yield strongly ...

The Provision of Public Inputs and Foreign Direct Investment

Public inputs play an important role in investment decisions made by multinational firms. Empirical research suggests that investment in public inputs such as infrastructure can have direct effects on productivity by lowering the average cost curve for private firms, as well as indirect effects by creating positive externalities associated with agglomeration. A general equilibrium model of a sm...

Ambulance Diary for 1919

First-year student diary.

Rosie Perrett has finished her first year of studies at Liverpool and is awaiting her exam results. In the meantime, EMS placements will give her the chance to consolidate what she has learnt.

The Provision of a Public Good with a direct Provision Technology and a Large Number of Agents

This paper provides a limit result for the provision of a public good in a mechanism design framework as the number of agents gets large. What distinguishes the public good investigated in this analysis is its direct provision technology which is commonplace in modern information technologies.