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A “Tragedy of the Clubs”: Excess Entry in Exclusive Coalitions

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  • Paola Manzini
  • Marco Mariotti

Abstract

We model club formation as a noncooperative game of coalition formation and surplus division. We show how social norms and individual rationality sustain a particular type of collective inefficiency, namely, excessive entry in the joint production and exploitation of an excludable good. We term this phenomenon the “tragedy of the clubs.” The tragedy of the clubs is a pervasive equilibrium phenomenon.

Suggested Citation

  • Paola Manzini & Marco Mariotti, 2002. "A “Tragedy of the Clubs”: Excess Entry in Exclusive Coalitions," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 4(1), pages 115-136, January.
    • Handle: RePEc:bla:jpbect:v:4:y:2002:i:1:p:115-136
    DOI: 10.1111/1467-9779.00091
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    1. repec:ebl:ecbull:v:8:y:2006:i:4:p:1-6 is not listed on IDEAS

    More about this item

    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations

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