Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5057875 | Economics Letters | 2017 | 4 Pages |
Abstract
We study the voluntary provision of a public good with private information when inputs are not perfectly substitutable. Modeling the production function as a mixture of order statistics of individual efforts, we bridge the extreme best-shot and weakest-link technologies, passing through summation, in a tractable framework. In contrast with existing predictions, increasing complementarity results in increased public good provision, if the marginal cost of effort rises sufficiently fast.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Stefano Barbieri,