Public good allocation in the face of weak institutions / by Emily Dabbs

Dabbs, Emily. (2009). Public good allocation in the face of weak institutions / by Emily Dabbs Honours Thesis, School of Economics, The University of Queensland.

       
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Author Dabbs, Emily.
Thesis Title Public good allocation in the face of weak institutions / by Emily Dabbs
School, Centre or Institute School of Economics
Institution The University of Queensland
Publication date 2009
Thesis type Honours Thesis
Total colour pages 62
Language eng
Subjects 14 Economics
Formatted abstract
This thesis considers the problems associated with the design of public good provision models in the face of weak institutions and incomplete information. A discussion relating to the literature on public good provision is introduced, specifically relating to mechanism design and the importance of Groves transfers in designing efficient mechanisms. A review of current models that propose a solution to the problem of climate change is presented. The Gerber and Wichardt paper is presented, and is the basis for the model proposed in this thesis. The Gerber and Wichardt paper utilizes a two stage mechanism with deposits to ensure the participation of players in providing a public good when no strong institution exists. The main contribution of this thesis extends on this two stage game to present a multi-stage game which can be used in the face of weak institutions and unknown types. It extends on the Gerber and Wichardt model by utilizing a Groves mechanism to ensure efficiency is reached in the face of a weak institution. Finally possible extensions to the- model are discusses, in particular the applicability of the proposed model towards the global climate change problem.

Document type: Thesis
Collection: UQ Theses (non-RHD) - UQ staff and students only
 
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Created: Thu, 30 Sep 2010, 16:43:08 EST by Mr Kevin Liang on behalf of Social Sciences and Humanities Library Service