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  • 标题:Changes in the Threshold Uncertainty in a Simultaneous Subscription Game
  • 本地全文:下载
  • 作者:Timothy J. Gronberg ; Hui-Chun Peng
  • 期刊名称:Theoretical Economics Letters
  • 印刷版ISSN:2162-2078
  • 电子版ISSN:2162-2086
  • 出版年度:2014
  • 卷号:4
  • 期号:4
  • 页码:263-269
  • DOI:10.4236/tel.2014.44036
  • 出版社:Scientific Research Publishing
  • 摘要:This paper considers a discrete public good subscription game under threshold uncertainty and private information on valuations and analyzes the effect of change in cost uncertainty on the private contribution equilibrium under a simultaneous institution. Comparative statics with respect to the changes in the cost distribution are derived. We find that if the cost distribution becomes more dispersed, in the sense of a mean-preserving spread, the expected total contributions to the public good will decrease. Our proposition provides a policy implication that if the suppliers are able to reduce the uncertainty of the cost distribution, the private contribution to the public good will increase.
  • 关键词:Discrete Public Good; Threshold Uncertainty; Private Information
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