Constrained public goods in weighted networks with heterogeneous agents

Wentao Fu, Di Hua, Xuewen Qian, Yang Sun

Research output: Journal PublicationArticlepeer-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 languageEnglish
Article number110332
JournalEconomics Letters
Volume213
DOIs
Publication statusPublished - 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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