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Private Provision of a Discrete Public Good: Continuous-Strategy Equilibria in the Private-Information Subscription Game

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  • STEFANO BARBIERI
  • DAVID A. MALUEG

Abstract

We reconsider Laussel and Palfrey's analysis of private provision of discrete public goods via the subscription game. We show their semi-regular equilibria do not exist, casting doubt on their efficiency analysis. Taking players' values for the public good as uniformly distributed on , we exhibit previously unrecognized continuous equilibria-those with contribution strategies strictly increasing up to their maximum values, not necessarily equal to the provision cost, c, at which point they become flat. We show piecewise-linear equilibria are not incentive efficient; and if and , then all symmetric equilibria are interim incentive inefficient. Copyright � 2008 Wiley Periodicals, Inc..

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Bibliographic Info

Article provided by Association for Public Economic Theory in its journal Journal of Public Economic Theory.

Volume (Year): 10 (2008)
Issue (Month): 4 (08)
Pages: 529-545

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Handle: RePEc:bla:jpbect:v:10:y:2008:i:4:p:529-545

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Web page: http://www.blackwellpublishing.com/journal.asp?ref=1097-3923
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Web: http://www.blackwellpublishing.com/subs.asp?ref=1097-3923

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Cited by:
  1. Krasteva, Silvana & Yildirim, Huseyin, 2013. "(Un)Informed charitable giving," Journal of Public Economics, Elsevier, vol. 106(C), pages 14-26.
  2. Barbieri, Stefano & Malueg, David A., 2010. "Threshold uncertainty in the private-information subscription game," Journal of Public Economics, Elsevier, vol. 94(11-12), pages 848-861, December.
  3. Krasteva, Silvana & Yildirim, Huseyin, 2014. "Reprint of: (Un)Informed charitable giving," Journal of Public Economics, Elsevier, vol. 114(C), pages 108-120.
  4. Murat Yilmaz, 2010. "Auctioning a Discrete Public Good under Incomplete Information," Working Papers 2010/14, Bogazici University, Department of Economics.
  5. Stefano Barbieri & David Malueg, 2014. "Group efforts when performance is determined by the “best shot”," Economic Theory, Springer, vol. 56(2), pages 333-373, June.

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