MULTIPLE PUBLIC GOODS IN NETWORKS

Rajendra Kundu and Siddhigyan Pandey ()
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Siddhigyan Pandey: Jindal School of Liberal Arts and Humanities, O.P. Jindal Global University

Working Papers from National Institute of Public Finance and Policy

Abstract: In this paper we consider an n-player simultaneous move game on a fixed network, in which each player chooses her investment level in each of m goods that are non-rivalrous and non-excludable across links in the network. We analyze the existence, stability and welfare properties of PSNEs of the game. Our results demonstrate that while every game necessarily has a specialized equilibrium, the stability of equilibrium profiles and the existence of specialized equilibria in which specialization is dispersed depend crucially on the network structure. We also provide some interesting welfare implications relating to concentration of specialization.

Pages: 18
Date: 2021-08
New Economics Papers: this item is included in nep-gth, nep-isf and nep-net
Note: Working Paper 345, 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:npf:wpaper:21/345

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