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Delay in joint projects
[Verzögerung bei gemeinsamen Projekten]

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  • Kessing, Sebastian Georg

Abstract

If a public project is financed through private contributions with convex costs, project completion may be delayed. The paper examines how asymmetries, the order of moves, and the absence of commitment will affect the completion time. All three factors are shown to cause delay, although for different reasons. Without commitment, individual contributions are strategic complements in the completing Markov perfect equilibrium, such that partial harmonization of strategies is beneficial for all.

Suggested Citation

  • Kessing, Sebastian Georg, 2003. "Delay in joint projects [Verzögerung bei gemeinsamen Projekten]," Discussion Papers, Research Unit: Market Processes and Governance SP II 2003-15, WZB Berlin Social Science Center.
    • Handle: RePEc:zbw:wzbmpg:spii200315
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    File URL: https://www.econstor.eu/bitstream/10419/51097/1/37652331X.pdf
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    References listed on IDEAS

    as
    1. (*), Kai A. Konrad & Wolfgang Buchholz & Kjell Erik Lommerud, 1997. "Stackelberg leadership and transfers in private provision of public goods," Review of Economic Design, Springer;Society for Economic Design, vol. 3(1), pages 29-43.
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    6. Joseph Farrell & Garth Saloner, 1988. "Coordination through Committees and Markets," RAND Journal of Economics, The RAND Corporation, vol. 19(2), pages 235-252, Summer.
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    Cited by:

    1. Georgiadis, George, 2017. "Deadlines and infrequent monitoring in the dynamic provision of public goods," Journal of Public Economics, Elsevier, vol. 152(C), pages 1-12.

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    JEL classification:

    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods

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