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On the Game-Theoretic Structure of Public-Good Economies

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  • Sprumont, Y.

Abstract

The paper characterizes the class of transferable-utility cooperative games arising from public-good economies. In the symmetric case and in the three-players case, this class is precisely that of convex games. In general, a highly structured pattern of differences between the worths of the various coalitions is characteristic of the public-good games. This pattern implies convexity but also many other restrictions. Some of these restrictions express in a formal way the intuition that full cooperation is the only stable form of collective behaviour in public-good economies.

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File URL: http://hdl.handle.net/1866/2125
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Bibliographic Info

Paper provided by Universite de Montreal, Departement de sciences economiques in its series Cahiers de recherche with number 9519.

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Length: 15 pages
Date of creation: 1995
Date of revision:
Handle: RePEc:mtl:montde:9519

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Postal: CP 6128, Succ. Centre-Ville, Montréal, Québec, H3C 3J7
Phone: (514) 343-6540
Fax: (514) 343-5831
Web page: http://www.sceco.umontreal.ca
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References

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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.:
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  1. Ng, Serena, 1996. "Looking for evidence of speculative stockholding in commodity markets," Journal of Economic Dynamics and Control, Elsevier, vol. 20(1-3), pages 123-143.
  2. Daniel Parent, 1995. "Wages and Mobility: The Impact of Employer-Provided Training," CIRANO Working Papers 95s-27, CIRANO.
  3. Kollmann, R., 1994. "The Correlation of Productivity Growth Across Regions and Industries in the U.S," Cahiers de recherche 9411, Universite de Montreal, Departement de sciences economiques.
  4. Lewis, T. & Poitevin, M., 1994. "Disclosure of Information in regulatory Proceedings," Cahiers de recherche 9414, Universite de Montreal, Departement de sciences economiques.
  5. repec:fth:prinin:350 is not listed on IDEAS
  6. Kathy Cannings & Sophie Mahseredjian & Claude Montmarquette, 1994. "Entrance Quotas and Admission to Medical Schools: A Sequential Probit Model," CIRANO Working Papers 94s-10, CIRANO.
  7. Cannings, K. & Montmarquette, C. & Mahseredjian, S., 1994. "Major Choice: Undergraduate Concentrations and the Probability of Graduation," Cahiers de recherche 9419, Universite de Montreal, Departement de sciences economiques.
  8. Daniel Parent, 1995. "Matching, Human Capital, and the Covariance Structure of Earnings," Working Papers 730, Princeton University, Department of Economics, Industrial Relations Section..
  9. Ghysels, E. & Khalaf, L. & Vodounou, C., 1995. "Simulation Based Inference in Moving Average Models," Cahiers de recherche 9513, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
  10. Fisher, T.C.G. & Martel, J., 1994. "The Creditors' Financial Reorganization Decision: New Evidence from Canadian Data," Cahiers de recherche 9417, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
  11. Parent, D., 1995. "Industry-Specific Capiatl and the Wage Profile: Evidence from the NLSY and the PSID," Cahiers de recherche 9508, Universite de Montreal, Departement de sciences economiques.
  12. Dagenais, M.G. & Dagenais, D.L., 1994. "GMM Estimators for Linear Regression Models with Errors in the Variables," Cahiers de recherche 9404, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
  13. René Garcia, 1995. "Asymptotic Null Distribution of the Likelihood Ratio Test in Markov Switching Models," CIRANO Working Papers 95s-07, CIRANO.
  14. Dagenais, M.G. & Dagenais, D.L., 1994. "GMM Estimators for Linear Regression Models with Errors in the Variables," Cahiers de recherche 9404, Universite de Montreal, Departement de sciences economiques.
  15. Boyer, M. & Laffont, J.J., 1995. "Environmental Risks and Bank Liability," Cahiers de recherche 9501, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
  16. Margolis, D..N., 1995. "Firm Heterogeneity and Worker Self-Selection Bias Estimated Returns to Seniority," Cahiers de recherche 9502, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
  17. Ng, S. & Schaller, H., 1995. "The Risky Spread, Investment, and Monetary Policy Transmission: Evidence on the Role of Asymmetric Information," Cahiers de recherche 9515, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
  18. Ghysels, E. & Jasiak, J., 1994. "Stochastic Volatility and time Deformation: An Application of trading Volume and Leverage Effects," Cahiers de recherche 9403, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
  19. Robert Kollmann, 1994. "Hidden unemployment: a search theoretic interpretation," ULB Institutional Repository 2013/7648, ULB -- Universite Libre de Bruxelles.
  20. Ambler, S. & Cardia, E. & Farazli, J., 1994. "Export Promotion and Growth," Cahiers de recherche 9415, Universite de Montreal, Departement de sciences economiques.
  21. Ghysels, E. & Sarlan, H., 1994. "On the Analysis of Business Cycles Through the Spectrum of Chronologies," Cahiers de recherche 9416, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
  22. Sprumont, Y., 1995. "An Axiomatization of the Pazner-Schmeidler Rules in Large Fair Division Problems," Cahiers de recherche 9512, Universite de Montreal, Departement de sciences economiques.
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Cited by:
  1. Amigues, Jean-Pierre & Favard, Pascal & Gaudet, Gerard & Moreaux, Michel, 1998. "On the Optimal Order of Natural Resource Use When the Capacity of the Inexhaustible Substitute Is Limited," Journal of Economic Theory, Elsevier, vol. 80(1), pages 153-170, May.
  2. Rebelo, S., 1997. "On the Determinant of Economic Growth," RCER Working Papers 443, University of Rochester - Center for Economic Research (RCER).

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