Equilibrium allocations of endowment-pretension games in public good economies

Remzi Sanver

Review of Economic Design, 2005, vol. 9, issue 4, 307-316

Abstract: In a public good economy where agents' preferences are known but endowments are private information, instituting an allocation rule and asking the agents their initial endowments induces an endowment-pretension game. We analyse the Nash equilibrium allocations of this game and discuss its welfare properties with reference to voluntary contributions allocations. Copyright Springer-Verlag Berlin/Heidelberg 2005

Keywords: Public goods; voluntary contributions solution; manipulation; direct implementation; performance function (search for similar items in EconPapers)
Date: 2005
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DOI: 10.1007/s10058-005-0133-y

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