Dynamic Voluntary Provision of Public Goods: A Generalization

被引：5

作者：

Fujiwara, Kenji ^{[1
]}

Matsueda, Norimichi ^{[1
]}

机构：

[1] Kwansei Gakuin Univ, Scb Econ, Nishinomiya, Hyogo 6628501, Japan

来源：

JOURNAL OF PUBLIC ECONOMIC THEORY | 2009年 / 11卷 / 01期

关键词：

NONLINEAR STRATEGIES; DIFFERENTIAL GAME; EQUILIBRIA;

D O I：

10.1111/j.1467-9779.2008.01395.x

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this note we examine if the proposition offered by Fershtman and Nitzan (1991) and Wirl (1996) in the context of a dynamic voluntary provision model with a linear production function can be generalized to a more general CES formulation. By comparing the steady-state stocks of a public good in open-loop and feedback Nash equilibria with that under the cooperative solution, we demonstrate that their ranking among the steady-state stocks is indeed preserved under the CES framework.

引用

页码：27 / 36

页数：10

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