On the Private Provision of Public Goods on Networks

Allouch, Nizar

doi:10.2139/ssrn.2089318

Cited by 55 publications

(81 citation statements)

References 31 publications

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“…As such, our setup builds on various different contributions on the network games literature, such as Calvó-Armengol and Zenou (2004), Ballester, Calvó-Armengol, and Zenou (2006), Candogan, Bimpikis, and Ozdaglar (2012), Allouch (2012), Badev (2013), Bramoullé, Kranton, and D'Amours (2014) and , several of which can be cast as special cases of our general framework. 2 Several papers consider applications of network games to various specific domains.…”

Section: Related Literaturementioning

confidence: 99%

Networks, Shocks, and Systemic Risk

Acemoğlu¹,

Ozdaglar²,

Tahbaz-Salehi³

2015

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This chapter develops a unified framework for the study of how network interactions can function as a mechanism for propagation and amplification of microeconomic shocks. The framework nests various classes of games over networks, models of macroeconomic risk originating from microeconomic shocks, and models of financial interactions. Under the assumption that shocks are small, we provide a fairly complete characterization of the structure of equilibrium, clarifying the role of network interactions in translating microeconomic shocks into macroeconomic outcomes. This characterization enables us to rank different networks in terms of their aggregate performance. It also sheds light on several seemingly contradictory results in the prior literature on the role of network linkages in fostering systemic risk.

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Section: Related Literaturementioning

confidence: 99%

Networks, Shocks, and Systemic Risk

Acemoğlu¹,

Ozdaglar²,

Tahbaz-Salehi³

2015

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“…See Bramoullé and Kranton (2007), Bloch and Zenginobuz (2007) and Bramoullé et al (2014) for the case of linear best responses. For the non-linear case, see Bramoullé et al (2014), Rébillé and Richefort (2014) and Allouch (2015).…”

Section: A Model Of Impure Altruism With Multiple Public Goodsmentioning

confidence: 99%

Warm-glow giving in networks with multiple public goods

Richefort

2018

Int J Game Theory

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This paper explores a voluntary contribution game in the presence of warm-glow effects. There are many public goods and each public good benefits a different group of players. The structure of the game induces a bipartite network structure, where players are listed on one side and the public good groups they form are listed on the other side. The main result of the paper shows the existence and uniqueness of a Nash equilibrium. The unique Nash equilibrium is also shown to be locally asymptotically stable. Then the paper provides some comparative statics analysis regarding pure redistribution, taxation and subsidies. It appears that small redistributions of wealth may sometimes be neutral, but generally, the effects of redistributive policies depend on how public good groups are related in the contribution network structure.

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“…More recently, a number of authors have discussed the private provision of public goods, showing that no automatic relationship exists between the nature of goods and property regimes (Bergstrom et al. ; Bagnoli and Lipman ; Bagnoli and Mckee ; Allouch ). Even if these authors stress the importance of making a distinction between the nature of goods and the ownership regime used to govern them, they still consider that the nature of the goods can influence the adequate property regime that should be set up as well as the institutional design…”

Section: The Analytical Framework: the Theory Of The Commonsmentioning

confidence: 99%

Understanding Cooperative Finance as a New Common

Périlleux

Nyssens

2017

Ann Public Coop Econ

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The emerging field of common good socio-economics is promising not only for the preservation of common natural resources but also for common goods created by people through collective action, the importance of which has been emphasized by the recent financial and economic crisis. Based on the case of cooperative finance, this paper's outcomes are twofold. First, it shows that while the boundaries between the nature and property regime of goods may be relatively clear for natural common goods, they appear much more interlinked for human-made goods, where commons are embedded in intergenerational reciprocity. Second, it demonstrates that financial cooperatives can be understood as human-made commons and proposes a new way of thinking about public policies to design adequate legislation to protect these commons from isomorphism, privatization and destruction.2 Demutualization occurs when cooperative financial institutions are converted into stock companies, through the sale of 100% of the shares to depositors and insiders as part of an initial public offer.

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On the Private Provision of Public Goods on Networks

Cited by 55 publications

References 31 publications

Networks, Shocks, and Systemic Risk

Networks, Shocks, and Systemic Risk

Warm-glow giving in networks with multiple public goods

Understanding Cooperative Finance as a New Common

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