| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5061017 | Economics Letters | 2011 | 4 Pages |
Abstract
In binary choice games with strategic complementarities and multiple equilibria, we characterize the minimal cost subsidy program to guarantee agents play the Pareto optimal equilibrium. These subsidies are generally asymmetric, whether or not agents are identical and even if private values are anonymous.
Related Topics
Social Sciences and Humanities
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Economics and Econometrics
Authors
Aric P. Shafran, Jason J. Lepore,