On sequential and simultaneous contributions under incomplete information
AbstractUnder incomplete information about (independent) private valuations of a public good, we establish sufficient conditions under which, despite the incentive to free ride on future contributors, the expected total amount of voluntary contributions is higher when agents contribute sequentially (observing prior contributions) rather than simultaneously. We establish this in a conventional framework with quasi-linear utility where agents care only about the total provision of the public good (rather than individual contribution levels) and there is no non-convexity in provision of the public good. We allow for arbitrary number of agents and fairly general distribution of types.
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Bibliographic InfoArticle provided by Springer in its journal International Journal of Game Theory.
Volume (Year): 40 (2011)
Issue (Month): 1 (February)
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Web page: http://link.springer.de/link/service/journals/00182/index.htm
Other versions of this item:
- Parimal Bag & Santanu Roy, 2008. "On Sequential and Simultaneous Contributions under Incomplete Information," Departmental Working Papers 0805, Southern Methodist University, Department of Economics, revised Nov 2008.
- D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
- H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
- L44 - Industrial Organization - - Antitrust Issues and Policies - - - Antitrust Policy and Public Enterprise, Nonprofit Institutions, and Professional Organizations
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