Constrained public goods in weighted networks with heterogeneous agents

Wentao Fu; Di Hua; Xuewen Qian; Yang Sun

doi:10.1016/j.econlet.2022.110332

Constrained public goods in weighted networks with heterogeneous agents

Wentao Fu, Di Hua, Xuewen Qian, Yang Sun

Research output: Journal Publication › Article › peer-review

Abstract

This paper generalizes the constrained public goods model of Allouch and King (2019) to weighted networks with heterogeneous agents. We provide an algorithm to distinguish contributors from free-riders in equilibrium. We show that this algorithm always terminates in finite steps and, therefore, Nash equilibrium always exists.

Original language	English
Article number	110332
Journal	Economics Letters
Volume	213
DOIs	https://doi.org/10.1016/j.econlet.2022.110332
Publication status	Published - Apr 2022

Keywords

Existence of Nash equilibrium
Heterogeneous agents
Local public goods
Weighted networks

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/j.econlet.2022.110332

Cite this

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title = "Constrained public goods in weighted networks with heterogeneous agents",

abstract = "This paper generalizes the constrained public goods model of Allouch and King (2019) to weighted networks with heterogeneous agents. We provide an algorithm to distinguish contributors from free-riders in equilibrium. We show that this algorithm always terminates in finite steps and, therefore, Nash equilibrium always exists.",

keywords = "Existence of Nash equilibrium, Heterogeneous agents, Local public goods, Weighted networks",

author = "Wentao Fu and Di Hua and Xuewen Qian and Yang Sun",

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year = "2022",

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doi = "10.1016/j.econlet.2022.110332",

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T1 - Constrained public goods in weighted networks with heterogeneous agents

AU - Fu, Wentao

AU - Hua, Di

AU - Qian, Xuewen

AU - Sun, Yang

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N2 - This paper generalizes the constrained public goods model of Allouch and King (2019) to weighted networks with heterogeneous agents. We provide an algorithm to distinguish contributors from free-riders in equilibrium. We show that this algorithm always terminates in finite steps and, therefore, Nash equilibrium always exists.

AB - This paper generalizes the constrained public goods model of Allouch and King (2019) to weighted networks with heterogeneous agents. We provide an algorithm to distinguish contributors from free-riders in equilibrium. We show that this algorithm always terminates in finite steps and, therefore, Nash equilibrium always exists.

KW - Existence of Nash equilibrium

KW - Heterogeneous agents

KW - Local public goods

KW - Weighted networks

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DO - 10.1016/j.econlet.2022.110332

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VL - 213

JO - Economics Letters

JF - Economics Letters

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ER -

Constrained public goods in weighted networks with heterogeneous agents

Abstract

Keywords

ASJC Scopus subject areas

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