Weak links, good shots and other public good games: Building on BBV

• 成果类型: Article; Proceedings Paper
• 署名作者: Cornes, Richard; Hartley, Roger
• 署名单位: University of Nottingham; University of Manchester
• 刊物名称: JOURNAL OF PUBLIC ECONOMICS
• ISSN/ISSBN: 0047-2727
• DOI: 10.1016/j.jpubeco.2007.07.007
• 发表日期: 2007
• 页码: 1684-1707
• 关键词: non-cooperative games; public goods; weakest links; best shots

摘要

We suggest an alternative way of analyzing the canonical Bergstrom-Blume-Varian model of noncooperative voluntary contributions to a public good that avoids the proliferation of dimensions as the number of players is increased. We exploit this approach to analyze models in which the aggregate level of public good is determined as a more general social composition function of individual gifts - specifically, as a CES form - rather than as an unweighted sum. We also analyze Hirshleifer's weakest-link and best-shot models. In each case, we characterize the set of equilibria, in some cases establishing existence of a unique equilibrium as well as briefly pointing out some interesting comparative static properties. We also study the weakest-link and best-shot limits of the CES composition function and show how the former can be used for equilibrium selection and the latter to establish that equilibria of some better-shot games are identical to those of the much simpler best-shot game. (C) 2007 Elsevier B.V. All rights reserved.