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Contests, private provision of public goods and evolutionary stability

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  • Wagener, Andreas

Abstract

We study evolutionary stability for public goods games incentivized by a contest. In a quasi-linear setting, we derive conditions such that evolutionary stability, Nash equilibrium and efficient solution coincide.

Suggested Citation

  • Wagener, Andreas, 2016. "Contests, private provision of public goods and evolutionary stability," Economics Letters, Elsevier, vol. 138(C), pages 34-37.
    • Handle: RePEc:eee:ecolet:v:138:y:2016:i:c:p:34-37
    DOI: 10.1016/j.econlet.2015.11.018
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    References listed on IDEAS

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    1. Alex Possajennikov, 2003. "Evolutionary foundations of aggregate-taking behavior," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 21(4), pages 921-928, June.
    2. Hehenkamp, B. & Leininger, W. & Possajennikov, A., 2004. "Evolutionary equilibrium in Tullock contests: spite and overdissipation," European Journal of Political Economy, Elsevier, vol. 20(4), pages 1045-1057, November.
    3. John Morgan, 2000. "Financing Public Goods by Means of Lotteries," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 67(4), pages 761-784.
    4. Carlos Alós-Ferrer & Ana Ania, 2005. "The evolutionary stability of perfectly competitive behavior," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 26(3), pages 497-516, October.
    5. Hehenkamp, Burkhard & Possajennikov, Alex & Guse, Tobias, 2010. "On the equivalence of Nash and evolutionary equilibrium in finite populations," Journal of Economic Behavior & Organization, Elsevier, vol. 73(2), pages 254-258, February.
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    Cited by:

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    2. Jiang, Bixia & Bai, Xu & You, Weijia & Fan, Kun, 2021. "Where and how to launch your forestry crowdfunding campaign? Evidence from China," Forest Policy and Economics, Elsevier, vol. 123(C).

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    More about this item

    Keywords

    Public goods games; Contests; Finite-player ESS;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods

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