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

1 Citation (Scopus)

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

Free 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

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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",

note = "Publisher Copyright: {\textcopyright} 2022 Elsevier B.V.",

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

PY - 2022/4

Y1 - 2022/4

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

UR - https://www.scopus.com/pages/publications/85124598626

U2 - 10.1016/j.econlet.2022.110332

DO - 10.1016/j.econlet.2022.110332

M3 - Article

AN - SCOPUS:85124598626

SN - 0165-1765

VL - 213

JO - Economics Letters

JF - Economics Letters

M1 - 110332

ER -

Constrained public goods in weighted networks with heterogeneous agents

Abstract

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