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On the strategic non-complementarity of complements

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Author Info
Martin Gregor () (IES, Charles University)

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Abstract

This paper examines the equilibrium provision of a public good if the private monetary contributions of identical agents are (im)pure complements. To reconcile complementarity in contributions with the apparent substitutability of monetary payments, we assume a setup with multiple inputs into a complementary production function. This paper proves the uniqueness and symmetry of the equilibrium for any impure complementarity if each agent is permitted to contribute to any input; in the equilibrium, contributions are strategic substitutes. Only pure complementarity exhibits multiple equilibria, where contributions are either strategic substitutes or strategic complements.

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File URL: http://economicsbulletin.vanderbilt.edu/2008/volume8/EB-08H00002A.pdf
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Publisher Info
Article provided by Economics Bulletin in its journal Economics Bulletin.

Volume (Year): 8 (2008)
Issue (Month): 3 ()
Pages: 1-7
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Handle: RePEc:ebl:ecbull:v:8:y:2008:i:3:p:1-7

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Related research
Keywords: complements; weakest link; weaker link; public goods; aggregation;

Find related papers by JEL classification:
H0 - Public Economics - - General
C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Martin Gregor & Lenka Gregorová, 2007. "Inefficient centralization of imperfect complements," Working Papers IES 2007/19, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Jun 2007. [Downloadable!]
  2. Scott Barrett, 2003. "Global Disease Eradication," Journal of the European Economic Association, MIT Press, vol. 1(2-3), pages 591-600, 04/05. [Downloadable!] (restricted)
  3. Cornes, Richard, 1993. "Dyke Maintenance and Other Stories: Some Neglected Types of Public Goods," The Quarterly Journal of Economics, MIT Press, vol. 108(1), pages 259-71, February. [Downloadable!] (restricted)
  4. Bergstrom, Ted C. & Blume, Larry & Varian, Hal, 1992. "Uniqueness of Nash equilibrium in private provision of public goods : An improved proof," Journal of Public Economics, Elsevier, vol. 49(3), pages 391-392, December. [Downloadable!] (restricted)
  5. Giovanna Devetag & Andreas Ortmann, 2006. "When and Why? A Critical Survey on Coordination Failure in the Laboratory," CEEL Working Papers 0605, Computable and Experimental Economics Laboratory, Department of Economics, University of Trento, Italia. [Downloadable!]
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This page was last updated on 2009-12-12.

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