Autor: |
De Jaegher, Kris, Theoretische micro-economie, UU LEG Research UUSE Multidisciplinary Economics |
Přispěvatelé: |
Theoretische micro-economie, UU LEG Research UUSE Multidisciplinary Economics |
Jazyk: |
angličtina |
Rok vydání: |
2022 |
Předmět: |
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Zdroj: |
Economic Journal, 132(647). Wiley-Blackwell |
ISSN: |
0013-0133 |
DOI: |
10.1093/ej/ueac023 |
Popis: |
A model is presented where the welfare of contributors to a public good can increase when they face an adversary who ex post sabotages their efforts. It is a best response for the adversary to maximally sabotage the smallest effort, thus increasing a defector's marginal product of effort. This creates a kink in the individual contributor's payoff function around the equilibrium effort, which can lock contributors into exerting high effort. For a sufficiently large degree of complementarity between the contributors’ efforts, the adversary increases contributors’ welfare. This result is robust when departing from several simplifying assumptions of the model. |
Databáze: |
OpenAIRE |
Externí odkaz: |
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