Stackelberg leadership and transfers in private provision of public goods

Buchholz, Wolfgang; Konrad, Kai A. und Lommerud, Kjell Erik (1997): Stackelberg leadership and transfers in private provision of public goods. In: Review of Economic Design, Bd. 3, Nr. 1: S. 29-43

Abstract

We consider transfers in a Stackelberg game of private provision of a public good. It turns out that the agent who is the follower in the process of making voluntary contributions to a public good may have an incentive to make monetary transfers to the Stackelberg leader even in a situation where neither has a comparative advantage in making contributions to the public good. The Stackelberg leader is willing to accept such transfers if the actual contribution game is fully non-cooperative because the transfer generates a Pareto superior outcome. If the contributions in the Stackelberg equilibrium is the threat point of a possible cooperative Nash bargaining game, the Stackelberg leader will refuse to accept the transfer if she can. © Springer-Verlag 1997.

• Dokumententyp: Zeitschriftenartikel
• Publikationsform: Publisher's Version
• Fakultät: Volkswirtschaft > Lehrstühle > MPI für Steuerrecht und Öffentliche Finanzen
• Themengebiete: 300 Sozialwissenschaften > 330 Wirtschaft
• ISSN: 1434-4742
• Sprache: Englisch