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Contests over Public Goods: Evolutionary Stability and the Free-Rider Problem

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  • Wolfgang Leininger
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    Abstract

    We analyze group contests for public goods by applying the solution concept of an evolutionary stable strategy (ESS). We show that a global ESS cannot exist, because a mutant free-rider can always invade group behavior succesfully. There does exist, however, a unique local ESS, which we identify with evolutionary equilibrium. It coincides with Nash equilibrium, the hitherto dominant solution concept in contest theory, if and only if groups are symmetric. For asymmetric groups it always proposes a different and arguably more sensible solution than Nash equilibrium. We explore the properties of (local) ESS in detail.

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    Bibliographic Info

    Paper provided by University of Dortmund, Department of Economics in its series Discussion Papers in Economics with number 02_02.

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    Length: 22 pages
    Date of creation: Mar 2002
    Date of revision:
    Handle: RePEc:mik:wpaper:02_02

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