Abstract
AbstractAs in public good provisions, in a public bad situation such as abatement, the non-cooperative interplay of the participants typically results in low levels of quantities (provision or abatement). In a simple class of n-person quadratic games, we show how Coarse correlated equilibria, using simple mediation devices, can significantly outperform Nash equilibrium outcomes in terms of a stated policy objective.
Funder
NSF
British Academy Small Grants
Publisher
Springer Science and Business Media LLC
Subject
General Economics, Econometrics and Finance
Cited by
1 articles.
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