Is three a crowd? Small group provision of a public good
Simon Vicary
Metroeconomica, 2018, vol. 69, issue 1, 70-85
Abstract:
Suppose a group of individuals within a large community trust one another sufficiently to be able to co†ordinate their contributions to a public good. The alternative is to accept a Nash equilibrium. We show that under a wide range of reasonably plausible circumstances a relatively small group size (in many cases just three) suffices for this to be beneficial to group members.
Date: 2018
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https://doi.org/10.1111/meca.12169
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Persistent link: https://EconPapers.repec.org/RePEc:bla:metroe:v:69:y:2018:i:1:p:70-85
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