Voluntary contributions to a joint project with asymmetric agents

被引:21
作者
Compte, O
Jehiel, P
机构
[1] ENPC, CERAS, F-75014 Paris, France
[2] UCL, London WC1E 6BT, England
关键词
voluntary contributions; sunk contributions; asymmetry; gradualism;
D O I
10.1016/S0022-0531(03)00103-0
中图分类号
F [经济];
学科分类号
02 ;
摘要
We revisit Admati and Perry (1991)'s model of voluntary contributions to a joint project. Their main result that equilibrium contributions are small appears not to be robust to the introduction of asymmetries. (C) 2003 Elsevier Science (USA). All rights reserved.
引用
收藏
页码:334 / 342
页数:9
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