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The Second-Order Dilemma of Public Goods and Capital Accumulation

Author

Listed:
  • Okada, Akira
  • 岡田, 章

Abstract

The second-order dilemma of public goods arises from individuals' incentive to free ride on a mechanism to solve the provision problem (first-order dilemma) of public goods. Without relying on social and behavioral arguments, we show by a voluntary participation game that the accumulation of public goods can mitigate the second-order dilemma in the long run. The analysis also shows that population decrease damages the accumulation of public goods.
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Suggested Citation

  • Okada, Akira & 岡田, 章, 2006. "The Second-Order Dilemma of Public Goods and Capital Accumulation," Discussion Papers 2006-03, Graduate School of Economics, Hitotsubashi University.
    • Handle: RePEc:hit:econdp:2006-03
    Note: This is a completely revised version of Discussion Paper #2005-10 "Accumulation of Public Goods and Population Change in a Voluntary Participation Game."
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    File URL: https://hit-u.repo.nii.ac.jp/record/2052376/files/070econDP06-03.pdf
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    Cited by:

    1. is not listed on IDEAS
    2. OKADA, Akira & 岡田, 章, 2014. "International Cooperation and Institution Formation: A Game Theoretic Perspective," Discussion Papers 2014-17, Graduate School of Economics, Hitotsubashi University.
    3. Akira Okada, 2015. "Cooperation and Institution in Games," The Japanese Economic Review, Japanese Economic Association, vol. 66(1), pages 1-32, March.

    More about this item

    Keywords

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    JEL classification:

    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development

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