MTEI Seminar by Prof. Stefan Behringer, University of Duisburg-Essen
Event details
| Date | 08.04.2014 |
| Hour | 12:00 › 13:30 |
| Speaker | Prof. Stefan Behringer, University of Duisburg-Essen |
| Location | |
| Category | Conferences - Seminars |
"Direct Provision of a Public Good with Many Agents"
Abstract
The literature on the private provision of public goods suggests a proportional relationship between incentives to free-ride and group size. However recent empirical research and casual observation of modern information technologies suggests otherwise. This paper purports a solution to the apparent paradox within a mechanism design framework tailored to modular developments characteristic for these technologies and provides a positive limit result as the number of agents gets large.
Abstract
The literature on the private provision of public goods suggests a proportional relationship between incentives to free-ride and group size. However recent empirical research and casual observation of modern information technologies suggests otherwise. This paper purports a solution to the apparent paradox within a mechanism design framework tailored to modular developments characteristic for these technologies and provides a positive limit result as the number of agents gets large.
Practical information
- General public
- Free