The private provision of public goods via dominant assurance contracts

被引:2
|
作者
Alexander Tabarrok
机构
[1] Ball State University,Department of Economics
来源
Public Choice | 1998年 / 96卷
关键词
Public Good; Public Finance; Modify Form; Incomplete Information; Pure Strategy;
D O I
暂无
中图分类号
学科分类号
摘要
Many types of public goods can be produced privately by profit seeking entrepreneurs using a modified form of assurance contract, called a dominant assurance contract. I model the dominant assurance contract as a game and show that the pure strategy equilibrium has agents contributing to the public good as a dominant strategy. The game is also modelled under incomplete information as a Bayesian-Nash game.
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页码:345 / 362
页数:17
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