Dynamic Free Riding with Irreversible Investments
نویسندگان
چکیده
منابع مشابه
Dynamic Free Riding with Irreversible Investments
We study the Markov equilibria of a model of free riding in which n infinitely lived agents choose between private consumption and irreversible contributions to a durable public good. We show that the set of equilibrium steady states converges to a unique point as depreciation converges to zero. For any level of depreciation, moreover, the highest steady state converges to the efficient level a...
متن کاملDynamic Free Riding with Irreversible Investments : On - line Appendix
In this appendix we present the proofs omitted in “Dynamic Free Riding with Irreversible Investments” by Marco Battaglini, Salvatore Nunnari and Thomas Palfrey. Marco Battaglini Department of Economics Princeton University Princeton NJ 08544 [email protected] Salvatore Nunnari Department of Political Science Columbia University New York, NY 10027 [email protected] Thomas Palfrey Divisi...
متن کاملDynamic Free Riding with Irreversible
We study the Markov equilibria of a model of free riding in which n infinitely lived agents choose between private consumption and irreversible contributions to a durable public good. We show that the set of equilibrium steady states converges to a unique point as depreciation converges to zero. For any level of depreciation, moreover, the steady state of the best Markov equilibrium converges t...
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We use a unique dataset that combines the responses from an original survey of households, information about the structural characteristics of their homes, utility-provided longitudinal electricity usage records, plus utility program participation information, to study the uptake of energy efficiency incentives and their effect on residential electricity consumption. Attention is restricted to ...
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ژورنال
عنوان ژورنال: American Economic Review
سال: 2014
ISSN: 0002-8282
DOI: 10.1257/aer.104.9.2858