Strategic complements, substitutes, and ambiguity: the implications for public goods

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Strategic complements, substitutes, and ambiguity: the implications for public goods

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dc.contributor.author Eichberger, Jürgen en_GB
dc.contributor.author Kelsey, David en_GB
dc.contributor.department Universität Heidelberg; University of Birmingham, now at University of Exeter en_GB
dc.date.accessioned 2008-06-13T09:16:33Z en_GB
dc.date.accessioned 2011-01-25T10:25:59Z en_US
dc.date.accessioned 2013-03-19T15:50:29Z
dc.date.issued 2002-10 en_GB
dc.description.abstract We examine the effect of ambiguity in symmetric games with aggregate externalities. We find that ambiguity will increase/decrease the equilibrium strategy in games with strategic complements/substitutes and positive externalities. These effects are reversed in games with negative externalities. We consider some economic applications of these results to Cournot oligopoly, bargaining, macroeconomic coordination, and voluntary donations to a public good. In particular we show that ambiguity may reduce free-riding. Comparative statics analysis shows that increases in uncertainty will increase donations, to a public good. en_GB
dc.description.sponsorship Research supported by ESRC senior research fellowship, Award H52427502595, ESRC Grant R000222597 en_GB
dc.identifier.citation Journal of Economic Theory, 2002, 106, 436-466 en_GB
dc.identifier.doi 10.1006/jeth.2001.2898 en_GB
dc.identifier.uri http://hdl.handle.net/10036/29995 en_GB
dc.language.iso en en_GB
dc.publisher Elsevier en_GB
dc.relation.url http://www.sciencedirect.com/science/journal/00220531 en_GB
dc.subject Ambiguity en_GB
dc.subject Strategic complements en_GB
dc.subject Public goods en_GB
dc.subject Choquet integral en_GB
dc.subject Free rider en_GB
dc.title Strategic complements, substitutes, and ambiguity: the implications for public goods en_GB
dc.type Article en_GB
dc.date.available 2008-06-13T09:16:33Z en_GB
dc.date.available 2011-01-25T10:25:59Z en_US
dc.date.available 2013-03-19T15:50:29Z
dc.identifier.issn 00220531 en_GB
dc.identifier.issn 10957235 en_GB
dc.description Author's pre-print draft en_GB
dc.identifier.journal Journal of Economic Theory en_GB


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