Public Goods in Networks: Some Results
| Autor: | Papiya Ghosh, Rajendra Prasad Kundu |
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| Rok vydání: | 2015 |
| Předmět: | |
| Zdroj: | SSRN Electronic Journal. |
| ISSN: | 1556-5068 |
| DOI: | 10.2139/ssrn.2575335 |
| Popis: | This paper introduces a new mechanism through which positive externality spills over in a network. We find that the introduction of the new spillover mechanism plays a major role in reducing the set of Nash equilibrium though at the same time it increases the set of stable equilibria in a network game with local positive externality. Furthermore, we show that a denser network do not necessarily give rise to higher welfare. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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