Public goods in networks
Publication
, Journal Article
Bramoullé, Y; Kranton, R
Published in: Journal of Economic Theory
July 1, 2007
This paper considers incentives to provide goods that are non-excludable along social or geographic links. We find, first, that networks can lead to specialization in public good provision. In every social network there is an equilibrium where some individuals contribute and others free ride. In many networks, this extreme is the only outcome. Second, specialization can benefit society as a whole. This outcome arises when contributors are linked, collectively, to many agents. Finally, a new link increases access to public goods, but reduces individual incentives to contribute. Hence, overall welfare can be higher when there are holes in a network. © 2006 Elsevier Inc. All rights reserved.
Duke Scholars
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Published In
Journal of Economic Theory
DOI
EISSN
1095-7235
ISSN
0022-0531
Publication Date
July 1, 2007
Volume
135
Issue
1
Start / End Page
478 / 494
Related Subject Headings
- Economic Theory
- 3803 Economic theory
- 3801 Applied economics
- 1499 Other Economics
- 1401 Economic Theory
Citation
APA
Chicago
ICMJE
MLA
NLM
Bramoullé, Y., & Kranton, R. (2007). Public goods in networks. Journal of Economic Theory, 135(1), 478–494. https://doi.org/10.1016/j.jet.2006.06.006
Bramoullé, Y., and R. Kranton. “Public goods in networks.” Journal of Economic Theory 135, no. 1 (July 1, 2007): 478–94. https://doi.org/10.1016/j.jet.2006.06.006.
Bramoullé Y, Kranton R. Public goods in networks. Journal of Economic Theory. 2007 Jul 1;135(1):478–94.
Bramoullé, Y., and R. Kranton. “Public goods in networks.” Journal of Economic Theory, vol. 135, no. 1, July 2007, pp. 478–94. Scopus, doi:10.1016/j.jet.2006.06.006.
Bramoullé Y, Kranton R. Public goods in networks. Journal of Economic Theory. 2007 Jul 1;135(1):478–494.
Published In
Journal of Economic Theory
DOI
EISSN
1095-7235
ISSN
0022-0531
Publication Date
July 1, 2007
Volume
135
Issue
1
Start / End Page
478 / 494
Related Subject Headings
- Economic Theory
- 3803 Economic theory
- 3801 Applied economics
- 1499 Other Economics
- 1401 Economic Theory