Discrete public goods with incomplete information

Detalhes bibliográficos
Autor(a) principal: Menezes, Flavio Marques
Data de Publicação: 2000
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Institucional do FGV (FGV Repositório Digital)
Texto Completo: http://hdl.handle.net/10438/12257
Resumo: We analyze simultaneous discrete public good games with incomplete information and continuous contributions. To use the tenninology of Admati and Perry (1991), we consider contribution and subscription games. In the former, contributions are not refunded ifthe project is not completed, while in the latter they are. For the special case where provision by a single player is possible we show the existence of an equihbrium in both contnbution and subscription games where a player decides to provide the good by himself. For the case where is not feasible for a single player to provide the good by himself: we show that there exist equilibria of the subscription game where each participant pays the same amount. Moreover, using the technical apparatus from Myerson (1981) we show that neither the subscription nor the contribution games admit ex-post eÁ cient equibbria. hl addition. we provide a suÁ cient condition for êontributing zero 'to be the unique equihbrium of the contnbution game with n players.
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spelling Menezes, Flavio MarquesEscolas::EPGEFGV2014-10-28T13:06:18Z2014-10-28T13:06:18Z2000-10-05http://hdl.handle.net/10438/12257We analyze simultaneous discrete public good games with incomplete information and continuous contributions. To use the tenninology of Admati and Perry (1991), we consider contribution and subscription games. In the former, contributions are not refunded ifthe project is not completed, while in the latter they are. For the special case where provision by a single player is possible we show the existence of an equihbrium in both contnbution and subscription games where a player decides to provide the good by himself. For the case where is not feasible for a single player to provide the good by himself: we show that there exist equilibria of the subscription game where each participant pays the same amount. Moreover, using the technical apparatus from Myerson (1981) we show that neither the subscription nor the contribution games admit ex-post eÁ cient equibbria. hl addition. we provide a suÁ cient condition for êontributing zero 'to be the unique equihbrium of the contnbution game with n players.engEscola de Pós-Graduação em Economia da FGVSeminários de pesquisa econômica da EPGETodo cuidado foi dispensado para respeitar os direitos autorais deste trabalho. Entretanto, caso esta obra aqui depositada seja protegida por direitos autorais externos a esta instituição, contamos com a compreensão do autor e solicitamos que o mesmo faça contato através do Fale Conosco para que possamos tomar as providências cabíveisinfo:eu-repo/semantics/openAccessPrivate provision of public goodsContribution and subscription gamesIncomplete informationEconomiaBens públicosDiscrete public goods with incomplete informationinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlereponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVORIGINAL000303794.pdf000303794.pdfapplication/pdf1071349https://repositorio.fgv.br/bitstreams/146cda6d-2baa-4163-b388-e4d4c5fa1024/download40251e95b686680f6d509d2077e5447fMD51LICENSElicense.txtlicense.txttext/plain; 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dc.title.eng.fl_str_mv Discrete public goods with incomplete information
title Discrete public goods with incomplete information
spellingShingle Discrete public goods with incomplete information
Menezes, Flavio Marques
Private provision of public goods
Contribution and subscription games
Incomplete information
Economia
Bens públicos
title_short Discrete public goods with incomplete information
title_full Discrete public goods with incomplete information
title_fullStr Discrete public goods with incomplete information
title_full_unstemmed Discrete public goods with incomplete information
title_sort Discrete public goods with incomplete information
author Menezes, Flavio Marques
author_facet Menezes, Flavio Marques
author_role author
dc.contributor.unidadefgv.por.fl_str_mv Escolas::EPGE
dc.contributor.affiliation.none.fl_str_mv FGV
dc.contributor.author.fl_str_mv Menezes, Flavio Marques
dc.subject.eng.fl_str_mv Private provision of public goods
Contribution and subscription games
Incomplete information
topic Private provision of public goods
Contribution and subscription games
Incomplete information
Economia
Bens públicos
dc.subject.area.por.fl_str_mv Economia
dc.subject.bibliodata.por.fl_str_mv Bens públicos
description We analyze simultaneous discrete public good games with incomplete information and continuous contributions. To use the tenninology of Admati and Perry (1991), we consider contribution and subscription games. In the former, contributions are not refunded ifthe project is not completed, while in the latter they are. For the special case where provision by a single player is possible we show the existence of an equihbrium in both contnbution and subscription games where a player decides to provide the good by himself. For the case where is not feasible for a single player to provide the good by himself: we show that there exist equilibria of the subscription game where each participant pays the same amount. Moreover, using the technical apparatus from Myerson (1981) we show that neither the subscription nor the contribution games admit ex-post eÁ cient equibbria. hl addition. we provide a suÁ cient condition for êontributing zero 'to be the unique equihbrium of the contnbution game with n players.
publishDate 2000
dc.date.issued.fl_str_mv 2000-10-05
dc.date.accessioned.fl_str_mv 2014-10-28T13:06:18Z
dc.date.available.fl_str_mv 2014-10-28T13:06:18Z
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dc.publisher.none.fl_str_mv Escola de Pós-Graduação em Economia da FGV
publisher.none.fl_str_mv Escola de Pós-Graduação em Economia da FGV
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