Voluntary public good provision with private information using order statistics

被引:2
作者
Barbieri, Stefano [1 ]
机构
[1] Tulane Univ, Dept Econ, 206 Tilton Hall, New Orleans, LA 70118 USA
关键词
Weaker-link; Better-shot; Privately-provided public good; Complementarity; Private information; SHOT;
D O I
10.1016/j.econlet.2016.11.005
中图分类号
F [经济];
学科分类号
02 ;
摘要
We study the voluntary provision of a public good with private information when inputs are not perfectly substitutable. Modeling the production function as a mixture of order statistics of individual efforts, we bridge the extreme best-shot and weakest-link technologies, passing through summation, in a tractable framework. In contrast with existing predictions, increasing complementarity results in increased public good provision, if the marginal cost of effort rises sufficiently fast. (C) 2016 Elsevier B.V. All rights reserved.
引用
收藏
页码:63 / 66
页数:4
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