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Weakest-link public goods: Giving in-kind or transferring money in a sequential game. (English) Zbl 1001.91024

Summary: This paper extends the leader-follower analysis of a weakest-link public good by permitting an agent to provide the good on one’s own territory or on another’s territory through an in-kind transfer. An equilibrium with cash transfers, followed by in-kind transfers from the income recipient, may be Pareto superior. Any cash transfers must be from the follower to the leader for welfare to improve.

MSC:

91B18 Public goods
91A20 Multistage and repeated games
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References:

[1] Hirshleifer, J., From weakest-link to best shot: the voluntary provision of public goods, Public Choice, 41, 371-386 (1983)
[2] Hirshleifer, J., From weakest-link to best-shot: correction, Public Choice, 46, 221-223 (1985)
[3] Vicary, S., Sandler, T., 2002. Weakest-link public goods: giving in-kind or transferring money. European Economic Review, in press.; Vicary, S., Sandler, T., 2002. Weakest-link public goods: giving in-kind or transferring money. European Economic Review, in press. · Zbl 1001.91024
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