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Voluntary Contributions to Multiple Public Projects

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  • M. Koster

    ()
    (University of Amsterdam)

  • H. Reijnierse

    ()
    (CentER and Tilburg University)

  • M. Voorneveld

    ()
    (Stockholm School of Economics)

Abstract

The problem of financing a set of discrete public goods (facilities, projects) by private contributions is studied. The corresponding cooperative game, the realization game, is shown to be convex. For the noncooperative setting we study a realization scheme that induces a strategic game. This contribution game is shown to be a generalized ordinal potential game; a best-response in the contribution game implies a best response in a coordination game in which the payoff to all players is the utilitarian collective welfare function, i.e., the sum of the utility functions of the players. Strategy profiles maximizing utilitarian welfare are strong Nash equilibria of the contribution game. Each strong Nash equilibrium corresponds in a natural way with a core element of the realization game, and vice versa. Moreover, each strong Nash equilibrium is coalitional proof. Copyright 2003 Blackwell Publishing, 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): 5 (2003)
Issue (Month): 1 (01)
Pages: 25-50

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Handle: RePEc:bla:jpbect:v:5:y:2003:i:1:p:25-50

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  1. Voorneveld, Mark & Norde, Henk, 1997. "A Characterization of Ordinal Potential Games," Games and Economic Behavior, Elsevier, vol. 19(2), pages 235-242, May.
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Cited by:
  1. Olivier Tercieux & Mark Voorneveld, 2010. "The cutting power of preparation," Computational Statistics, Springer, vol. 71(1), pages 85-101, February.
  2. Tercieux, Olivier & Voorneveld, Mark, 2005. "The cutting power of preparation," Working Paper Series in Economics and Finance 583, Stockholm School of Economics.
  3. Kuipers, Jeroen & Mosquera, Manuel A. & Zarzuelo, José M., 2013. "Sharing costs in highways: A game theoretic approach," European Journal of Operational Research, Elsevier, vol. 228(1), pages 158-168.

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