Following Hirshleifer (1983: 374) and Barrett (2007: 48), GPGs are said to have a weakest-link structure if their provision requires that all players’ profit-maximising contributions to the GPG are equal to or above some minimum threshold value. https://t
Covid-19 causes heterogeneous impacts on the population (the old suffer from health impacts, the young suffer from econ impacts). One could extend the below weakest-link with 2 types: only the young act in a weakest-link model providing a public(club?) go
RT @ErikAnsink: Social distancing is a weakest-link public good, right? The Hirshleifer (Public Choice, 1983) result for such settings is t…
Social distancing is a weakest-link public good, right? The Hirshleifer (Public Choice, 1983) result for such settings is that: "underprovision of the public good tends to considerably moderated when the weakest-link function is applicable" https://t.co/
@psw1937 @MaxRashbrooke @EricCrampton greater post-disaster cooperation = weakest shot public good but is it enough? https://t.co/qHzLLx9yUe
@Noahpinion You are assuming that we get private provision of public goods only if people are selfless. Not true: http://t.co/oCBCvHPPto