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Public goods and public bads

Buchholz, Wolfgang ; Cornes, Richard ; Rübbelke, Dirk



Abstract

In many empirically relevant situations agents in different groups are affected by the provision of a public characteristic in divergent ways. Whereas for one group it represents a public good, it is a public bad for another group. Applying Cornes and Hartley's aggregative game approach, we analyze a general model in which such contentious public characteristics are present and are provided ...

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