000 01522cam a2200193 4500500
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041 _afre
042 _adc
100 1 0 _aLahiri, Somdeb
_eauthor
245 0 0 _aVoluntary Provision of a Public Good in a Strategic Market Game
260 _c2014.
500 _a14
520 _aThe purpose of this paper is to investigate the mutual compatibility of the voluntary provision of a public good and the strategic behavior of consumers in the market for private goods. We study the existence of equilibrium in the private provision of a public good within a general strategic equilibrium framework with a finite number of players. The mechanism for the provision of public good follows that of Bergstrom, Blume, and Varian (1986), and the trading mechanism for private goods follows the strategic market game with wash sales of Dubey and Shubik (1986). The paper demonstrates the existence of an equilibrium point in pure strategies for a finite number of players. Due to the existence of trivial equilibria at which all markets are closed, equilibrium points are constructed as limits to sequences of ? - equilibria in perturbed games.Classification JEL : C72, D43, H41.
690 _aequilibrium points
690 _astrategic market game
690 _apublic good
786 0 _nRecherches économiques de Louvain | 79 | 4 | 2014-02-04 | p. 45-73 | 0770-4518
856 4 1 _uhttps://shs.cairn.info/journal-recherches-economiques-de-louvain-2013-4-page-45?lang=en&redirect-ssocas=7080
999 _c546818
_d546818