منابع مشابه
Public-Good Provision in a Large Economy
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We provide a tractable framework for studying the e¤ects of group size and structure on the maximum level of a public good that can be provided in sequential equilibrium in repeated games with private monitoring. We restrict attention to games with "all-or-nothing" monitoring, in which in every period player i either perfectly observes player js contribution to the public good or gets no infor...
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This paper analyzes an overlapping generation model of public good provision under repeated voting. The public good is financed through age-dependent taxation that distorts human capital investment. Taxes redistribute income both across different skill groups and across generations. We contrast the political equilibria with the Ramsey allocation, and analyze the sources of inefficiency. The pol...
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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 ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2009
ISSN: 1556-5068
DOI: 10.2139/ssrn.1532160